My friend's mom got scammed by a financial advisor who "never once asked her for money upfront."
"She trusted him completely."
He'd handled her late husband's accounts for two years. Never a red flag.
"He always waived his fee if the trade lost money."
"That actually sounds like a good guy."
That's what I thought too.
"But here's the thing—that's exactly the move."
He managed her retirement savings. Small wins at first. Nothing outrageous.
"Small wins? Not big returns?"
"Yeah. That's what made it believable."
That's when it clicked for me.
I looked into how these guys actually operate.