Promissory Note Scams
Posted on: Sun, 05/18/2008 - 17:05
Promissory Note Scams
At seminars in local restaurants or hotels, promissory notes issued by obscure companies are being marketed as investments. They purportedly offer interest rates much higher than the returns on bonds or other investments. The notes and the interest payments supposedly are secured by an insurance policy. The notes may be for a failing company and the insurance policy may be worthless to investors.
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