Dave Carpenter wrote an article distributed by the Associated Press about “Steering clear of investment fraud.” He’s got a great explanation of a Ponzi scheme, the scheme that Madoff was running where he bilked investors out of an estimated $50 billion.

Mr. Carpenter explains the most reliable credentials for investment advisers, CFP (Certified Financial Planner), and CFA (Chartered Financial Analyst). Still, Madoff was a legend on Wall Street; a number of high profile charities and corporations were invested with his company. When people with resources like that get bilked out of billions, what’s the average American to do? According to Mr. Carpenter, there are warning signs regardless. Read the article here.

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