Jordan talks about how to identify and avoid financial scams. He explains that most scam victims already know on some level that something isn't quite right, and that it requires practice, empathy, and honesty to have a non-threatening conversation about the legitimacy of their program.
Steve Rambam, a private investigator, talks about how fraudsters use people's desperation to scam them out of money. He mentions a couple example of financial scams, such as the Bernie Madoff scandal and a couple from Montreal who were scammed out of $15,000.
Frank Abagnale, a former con artist, discusses the various financial scams that people should be aware of. He explains that there are two red flags to look out for when it comes to financial scams: someone asking for money or information.
Maria Konnikova explains how to identify financial scams. She suggests that by understanding the techniques used by scammers, we can become more aware of the most obvious scams and protect ourselves.
Winston Sterzel explains a financial scam where a scammer will try to convince someone to put more money into a fake website and if they withdraw their money, their friend will lose 30 percent of their assets. He also explains the tea house scam which is meant to take advantage of tourists.