Let’s expose the tactics that frauds and scammers still use 😮

With all the recent Federal fraud busts in the entrepreneur and marketing space (see my post from yesterday) I’m going to share some tips to help you protect yourself. Feel free to add to the tips.

I spend a lot of time and energy on this subject, because I’ve been a victim of theft. I also put a pause on my mission to coach business owners for 18 months, because I knew I’d be stepping into the pool of sharks, and I knew I’d be compared with them until proven otherwise.

It’s been nearly 20 years since I sold my first company. When you have money, you can count on opportunists and grifters to try to get into your circle. Now I have 20 years experience of observing these frauds, and see their patterns and repeated habits.

Here are my red flags. 🚩

1) Money Bundlers. These people are always talking a big game, always asking for money from other people. They always talk about “capital raises” and their investment opportunities. If you have an audience, they want to get in front of it. Good leaders protect their audience, they don’t sell them out. The REAL successful people in this arena rarely ask for money in public. Investors KNOW they are successful, and approach and ask them to get into their deals.

2) Religious Marketers. There isn’t anything wrong with being religious, but you should be on high alert if someone is using religion as part of their personal branding, to sell you a course or investment “opportunity”. Many of these unethical frauds will purposely use religion as a smokescreen, to hide their lies. Red flag.

3) Get Rich Quick GooRoos. This group is by far the largest of them. Any time I see someone promising you 6-figures this or 7-figures that, while telling you it’s passive and that you don’t have to work… all bullshit. Bonus bullshit points if they have some “10-Step” program or cookie-cutter one-size fits all “framework” to success. Their keynote speeches talk about “prosperity” and “millionaire mindset”. Red flag.

So how do you protect yourself? 🛡

Do your research. You have zero excuses now that the internet exists. Look past their hype marketing and focus on reality.

Most of these frauds have no long-term history of success. I’m talking 10+ years of proven success. Scroll back far enough on their social media, and you can usually see where the Lambo first arrived for their guru pics. Check the dates. Look for actual evidence of their lifestyle going back over a decade.

Don’t be fooled by their follower counts. On every platform you can purchase fake followers, fake post comments, fake likes, fake subscribers, fake podcast downloads. Use tools like SocialBlade(.com) to see spikes where they bought thousands of followers in a week. People that want to argue about this are usually guilty, themselves. “I didn’t know better.” Bullshit. You knew it was fake when you swiped your credit card.

Use paid background check apps. There are several options. This shit is pure comedy! You’d be amazed at some of the BIG names that you admire, and how fraudulent they are. These background checks reveal criminal history, bankruptcies, divorces, restraining orders, name/alias changes, and even show their residential address and what vehicles are registered to them. With that info, you can use Google Maps to view their “mansions”. Some of these gooroos don’t even show up on searches… because they aren’t using their real names. Red flag!

Ask around. Speak with former clients they’ve worked with. Speak with former employees of their companies. Speak with former leaders of their groups. So many of you skip this, and defend these frauds until they turn against you. “Well, he/she treats me fairly, so they are okay” Bullshit. Recognize patterns, they keep repeating. You’ll be next.

That should get you started. Hell, try these searches on me! 😘

-Tony