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Buyer beware
Nothing is free!: "Nothing is free!
Investors warned about seminars
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If the public has any information regarding the investment scheme described in this alert, they should report or forward the information to their offices, regulators said.
Photograph by : Getty
Canadian Press
Published: Friday, January 26, 2007 Article tools
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Font: * * * * VANCOUVER -- The British Columbia Securities Commission and the Alberta Securities Commission warned investors yesterday to beware of a 'suspicious' investment scheme offered at free seminars that involves moving money offshore to avoid taxes.
The regulators said they have received reports about a scheme being offered at free public seminars, in which investors are told they can participate in 'extraordinary investment returns' by joining an organization that allows them to learn about and access a system to become 'portfolio account managers' and restructure their assets.
These investors are told they can do so through a variety of methods, including investments in the precious metals industry, consumer debt or capital markets and international mutual funds, the regulators said.
If the public has any information regarding the investment scheme described in this alert, they should report or forward the information to their offices, the regulators said."