One way or another, this happens every time there a disaster.
It’s not just the Gulf of Mexico that’s being sullied by the BP oil spill – it could also affect your pocketbook.
The state Department of Financial Institutions and the Securities & Exchange Commission have issued an alert aimed at investors who may be presented with “scams promising financial gains from investments in companies that claim to be involved in cleanup operations.”
Regulators have issued the alert “to warn investors about potential scams that exploit the Gulf oil spill and related cleanup efforts. While some of the companies touting their role in the cleanup may be legitimate, others could be bogus operations that are only looking to clean out unsuspecting investors.”
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