Thursday, August 25, 2016 11:23:33 AM
Investment scam artists often exploit the latest crisis to line their own pockets and Zika is no exception. The SEC staff is aware of increased stock promotion of companies that claim to be developing products or services relating to the Zika virus.
https://www.sec.gov/oiea/investor-alerts-bulletins/ia_zika.html
Investor Alert: Investment Scams Involving Ebola-Related Companies
If you are considering investing in a company that purports to develop products or services relating to Ebola, be aware that fraudsters often attempt to take advantage of the news as a hook for investment schemes touting “the latest growth industry” whether it be oil and gas, virtual currency, or marijuana. Similar to how natural disasters such as Hurricane Katrina and Hurricane Sandy have given rise to investment scams (including promoters touting companies purportedly involved in cleanup efforts, trading programs with false guarantees of high returns, and classic Ponzi schemes), con artists may perpetrate investment scams related to Ebola prevention, protection, testing, or treatment.
https://www.sec.gov/oiea/investor-alerts-bulletins/ia_ebola.html
A casual stroll through the lunatic asylum shows that faith does not prove anything. Friedrich Nietzsche
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