The financial crisis taught Americans to protect their money and assets, and the current state of the bond market is threatening a major shakeup in the financial industry. Financial institutions must prepare for this by securing their bonds against a wide range of exposures, including social engineering fraud, electronic signatures, virtual currencies, account takeover, and more. These types of bonds can act as a blocker against the actions of dishonest employees.
One of the most common bond frauds involves a high-yield investment trading program. These scam artists often claim that they are backed by the United Nations or the World Bank, but that isn’t true. These programs don’t exist in the United States and offshore, and they’re completely bogus. These securities are sold with other certificates, such as CDs or e-books. However, they’re not actually backed by the government.
Another common bond scam involves a high-yield investment trading program, a type of historic bond. These scammers often claim that they’re backed by the Federal Reserve Bank, the World Bank, or the International Chamber of Commerce. The truth is that these bonds aren’t backed by the United States Treasury. And they’re not even backed by the Federal Reserve. That’s just another example of a historic bond scam.