How Social Pressure Cost One Family $30,000
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When your friends recommend something to you, you tend to take their word for it. But when it comes to investment ideas, you shouldn't just rely on tips. Cons often use these affinity relationships to find their victims. Before handing over any money, you need to thoroughly research the investment and the person selling it. It was a lesson that The Thompsons learned the hard way—after they lost thousands in an investment scam.