Listen to this American Greed podcast titled Billion Dollar Fraud Goes Viral

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Based on the information presented in the true story depicted in the podcast, post your responses to the following four questions:

1. What was the first hint that TelexFree may not be a legitimate investment?

2. What characteristics of the investors in the video, or of investors in general, may have made them more vulnerable to getting scammed?

3. What system failures (i.e., lack of proper government oversight and regulations/laws designed to prevent investment fraud) allowed Carlos Wanzeler and James Merrill to con 1.8 million investors from 248 countries out of $3 billion dollars?

4. Name three takeaways that you would share with a family member or friend that may be vulnerable to investment-related scams?