Sarah SullivanFounder and CEO of SuGo Capital

Investment or Scam? The #1 way to tell

Name: Investment or Scam? The #1 way to tell
Uploaded: 2023-11-13T22:24:05+00:00
Duration: 57 s
Channel: Sarah Sullivan
Description: A short YouTube segment by Sarah Sullivan warning about forged or self-prepared financial documents used to solicit investments. She recounts an anecdote…

13 Nov 2023 · 1 min

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A short YouTube segment by Sarah Sullivan warning about forged or self-prepared financial documents used to solicit investments. She recounts an anecdote where investors relied on documents that merely bore third-party logos but were not actually prepared or endorsed by those third parties. Her practical advice: verify that financials were prepared by an independent third party, contact the listed third party or the fund administrator to confirm, and request an audit if no fund admin exists.

Chapters

And that is exactly it because the example that I gave where the investor invested in his wife's best friend's husband fund and I said didn't you ask for financials or any track record? And he said yes. And they looked. They were exactly as he said they would look. And I said but were they prepared by a third party? And he said well they had a third party logo on it but then it turns out once they got an attorney that third party didn't even know who this fund or this company or this person was. They had not photoshopped but you know they had forged the documents they had put logos of third parties on their self prepared documents. So Karen's point of then contacting that third party is important. So if, if it's a fund and they have a fund admin then you can contact the fund admin if they don't have a fund admin and you ask for an audit so then you know if they're audited.