New Investment Fraud

investment fraudThe Florida Office of Financial Regulation (OFR), whose mission is to “protect the citizens of Florida and the financial service industry,” issued a warning for investors on March 14.

An international company called Profitable Sunrise is promoting risk-free loans and promising investors a 2.15% daily return on their investment. They are using biblical quotes to lure investors and attract interest. Seven states have already issued the company Cease and Desist orders.

Profitable Sunrise is not licensed by the OFR to sell securities.

Before you invest with anyone, OFR says that you should:

-          Become fully educated on the products in which you are investing
-          Become fully educated on the business you are investing in and the business’ owners
-          Verify the license of the company with OFR
-          Seek another opinion
-          Keep a paper trail
-          File a complaint if you fall victim to fraud.

And remember, if something sounds too good to be true, it probably is. If you need a second opinion on an investment or need to file a fraud complaint, contact Boyer Law Firm today. We can help you whether you are a foreign investor or a domestic investor.

Source: Press Release

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