You don’t have to be a total moron to fall for a clever scam, though it certainly helps, and lots of otherwise intelligent people manage to fall victim to scammers all the time. Two ways to help minimize your risk is a healthy sense of skepticism and a little time spent reading up on news items covering popular scams making the rounds. One such news item is Scams even smart people fall for from the folks at CNN Money.
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Eric’s first rule of loaning money to anyone – never loan more money then you would feel comfortable flushing down the toilet. Greed be damned.