Run--don't just walk away from any pitch that uses words like "guaranteed," "sure thing" or "no risk" while claiming a sustained return much in excess of what you can get with T-bills or a bank CD admittedly, not much these days .
If it's a sure thing, why isn't the promoter on the Forbes 400 list with Berkshire Hathaway's Warren Buffett.
Or a fellow Lithuanian, African American, Mason, Orthodox Jew, Rotarian or whatever.
Beware any appeal that seeks to leverage a shared characteristic with you such as race, religion or social membership.
That can be a tip-off to affinity fraud, premised on your letting down your guard because you re with a spirit you think is kindred.
The current wave of collapsing Chinese stocks is being led by fallen reverse mergers.