The book deals with actual situations that resulted in investors losing multi-millions of dollars to financial tricksters. Emphasis is placed upon learning how to detect early warning signs. Financial exposure can be minimized prior to situations deteriorating into bankruptcies. However, individual investors have to take specific actions after doing some homework. Otherwise, the alternative is to lose money by listening to "hot tips," often involving publicly traded securities.
Some types of commonly seen but inappropriate financial reporting are permitted in certain countries (including parts of North America), even though they deeply aid the financial tricksters. Governments are seriously neglecting investors by not prohibiting certain reporting trickery. Overall, in some regions, investor protection is simply archaic (including allowing false advertising). Currently, investors face serious risks.
The book attempts to minimize technical language. Stress is placed upon encouraging investors to look for specific warning signs before opening their purses and wallets to the growing group of tricksters.
"Avoiding Swindlers" will change the way you look at Canadian investments.
This book was featured on Publisher Newswire's 2022, "10 Books to Bookmark" list.
The book also received a glowing review from ReaderViews.
read an excerpt
CANADIAN IFRS FINANCIAL FIGURES ARE NOT CREDIBLE
The main objective of this book is to help investors/ savers to shift their reading and learning emphasis to better choose where to invest their money. Swindlers have recently developed several new scams, which are unfortunately being successful against investors. False and misleading advertising is still growing, to support troublesome claims that investor protection has improved. Nonsense. Such protection claims are contrary to the well-documented reality of increased failed businesses. All a person needs to do is look at the recent collapsing batch of marijuana companies. Bankrupt companies are reality. Sufficient learning about these types of deceptions is simply not adequately occurring. Investor deception issues keep piling up. More cluing-in is certainly quickly needed. Early detection of dangers has simply become a necessity, or compulsory for all savers. 1 Considerable attention has to be given herein to the dangers that have appeared in countries that are using IFRS (International Financial Reporting Standards; really is not “international” when largely not widely utilized by the U.S.A. and other important countries). IFRS is wide-open to a variety of nasty or investor-scary issues that are examined in the book. How to detect these dangers at their early stage is a priority. As well, other trickery is explained, including several early-detection processes for likely-to-occur con games.
AUTHOR Bio and Links:
L.S. (Al) Rosen has combined being a university professor (holding a PhD) with several qualifications in the fields of investigative accounting and reporting (such as acting as a fraud examiner) for over 35 years. He has authored many reports for court cases, and has testified in courts in various countries in many large-dollar cases. Often the allegations are that investors have been deceived by materially misleading financial reports. He has co-authored two previous books, and articles, with his son Mark. They address how and why multi-million dollars of investor money essentially, and often quickly, vanished. Real situations are the subject of these writings. Money was stolen and hardships resulted.
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