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Fraud Secrets:

A Backstage Tour

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Why con artists scam

Profile of a con artist

What con artists look for

How con artists set up their victims

What a con artist won't tell you

What a con artist will tell you

Have I been scammed?

12 excuses for not returning your money

How do I find my money?

Where did my money go?

If you lost your funds in an investment scam, speak to your accountant about a theft deduction.

Negotiable Instrument:

A written order to pay, such as an ACCEPTANCE, CHECK, BILL OF EXCHANGE, or PROMISSORY NOTE.

Under Article 3 of the UNIFORM COMMERCIAL CODE, an instrument is negotiable if it is: (1) a written instrument signed by the endorser or maker; (2) an unconditional promise to pay a certain amount of money, either on demand or at a future date; and (3) payable to the holder or bearer.  

A person who becomes a holder in due course of a negotiable instrument by delivery, or by delivery and endorsement, has an unrestricted claim to the instrument.

The Scam: The swindler will persuade you to either assign him a POWER OF ATTORNEY over your negotiable instrument, or persuade you to sign the instrument over to him (endorse the instrument).  In either case, the swindler promises you that he will invest the funds for you at a huge percentage of return.