The investing and finance arenas are wrought with frauds and scams. Those who operate legitimately struggle to compete with smarmy business practices and snake oil sales techniques. Listen in as Lior Gantz talks about his experience openly educating and transparently operating in an arena known for its bad reputation. Show Notes Hello everyone this is Tonya Dawn Recla your host for the In The Clear podcast today and I'm really excited to have with me Lior Grantz the president of Wealth Research Group. He deals with real estate investing and he's been called the thrill seeking entrepreneur. What I've really enjoyed over just moments that we've had to get to know each other is his really refreshing approach to the finance industry. He seems to merge those concepts of the financial world with the trust and transparency piece that we're so big on here at [...]
In 2014, Small Businesses lost $3Billion dollars to Fraud. If you have less than 100 employees you are 28% more likely to fall victim to fraud. Make sure you're in The CLEAR and listen in as we discuss how to protect yourself from fraud.
Fraud detection on Facebook can be easy, especially if you know how to look for the signs. Fraud detection becomes even harder when the person you are connecting to appears to have multiple friends in common. Here are ten things to help you identify potential fraud on Facebook: 1. You receive a friend request from someone you never met. 2. You receive a friend request from someone who appears to have common friends. 3. After accepting the friends request, the person engages you in conversation that has nothing to do with your business. 4. The conversation moves from business to personal conversation very fast. 5. The person makes up some unreal story (i.e. they’re a secret agent or an undercover reporter in the middle east, etc.) 6. The person only has one or two pictures on their profile. 7. The person appears to have no history of posting on their [...]
Fraud protection through transparency is the new way of doing business. Let’s face it…the old ways of doing business are dying. Long gone are the days of hiding information or passing a sub-par service off as legitimate. Your clients know when something doesn’t seem right, they feel it just as you do when you engage with someone who isn’t being authentic. Today’s customer looks for businesses that operate within some sort of ethical code, moral based system, or have a foundation of social entrepreneurism. It’s simple really… people want to connect. They’re looking for authenticity and they want to know they can trust the businesses they engage. People are tired of getting ripped off and they’re tired of giving money to the wrong people. They want to know who is behind the business, what they stand for, and if they operate in integrity. Yes, your clients still want value, [...]
Business fraud is easily prevented when you do your due diligence. However, the concept of Due Diligence is both confusing and terrifying to most business owners. People constantly come up to us and, in hushed, confidential tones, confess they have no idea how to do due diligence for their business. They’re typically scared of trusting the wrong person, but they don’t know how to make sure to find the right one. That’s where we come in. By demystifying the due diligence process, we empower business owners to take control of their decision-making process and operate with confidence. We help them verify that the people they involve in their business are who they say they are and can do what they say they can do. This minor tweak to their business approach changes EVERYTHING. Imagine this scenario: Your business needs a new website. You open the yellow pages, contact your network [...]
There are all different types of fraud business owners should look for. However, when your looking to raise capital, fraud is typically the last thing on your mind. That's because raising capital is exciting. Having the money to fuel your business is an entrepreneur’s dream. The reality of the matter is there are scammers, fraudsters, and “opportunities” out there that prey on entrepreneurs raising funds. We call these types of people “Vulture Capitalist.” Getting involved with a Vulture Capitalist is one of the fastest ways to lose your dream. Here’s how to recognize Vulture Capital: The opportunity requires sizable money up front. This is ALWAYS a red flag. If you have to pay money up front before you actually receive ANY capital, then buyer beware! If you owe money up front in the form of a “finder fee,” a “funding fee,” a “service fee,” etc…then you’re at risk of being [...]