Thursday, November 20, 2014

Let Us Know - Ebola Related Scams

While there have been a significant number of deaths from Ebola, the "outbreak" seemed to be largely a news story scam, at least in the United States.

It is therefore hard to believe that a serious investor would even consider an investment in an Ebola treatment/cure/vaccine. But apparently that is not the case.

FINRA has released an "investor alert" regarding Ebola related scams. FINRA advises "[i]f you are considering investing in a company that purports to develop products or services relating to Ebola, be aware that fraudsters often attempt to take advantage of the news as a hook for investment schemes touting “the latest growth industry” whether it be oil and gas, virtual currency, or marijuana."

Be on the lookout for such scams, and if you come across one, please let us know.

For more information - Investor Alert: Investment Scams Involving Ebola-Related Companies

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The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, nationwide. For more information call 212-509-6544 or send an email.

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