BOCA RATON, FL, September 22, 2010 (Press-News.org) In hard economic times, investors and non-investors alike try to find ways to improve their monetary standing and increase their wealth, often through various international outlets. Offshore investments have become increasingly popular due to the high-reward potential with the returns.
While offshore investing used to be limited to the extremely wealthy, the advent of the Internet has allowed for normal middle class citizens to also take part in international investing. While that has helped many people succeed in increasing their net worth, there has also been a sharp rise in the amount of scams, due to this additional exposure.
There are a few things to remember when you are thinking of potentially investing in a venture outside of the U.S. First, double check the tax laws and what would be owed on any returns you receive. Many scams will say that the returns are "tax free", but you typically will owe money to the IRS or a similar agency based off of the type of returns you receive. You also need to make sure you're investing in a reputable international organization, so double check with a country's business union or an outside party to verify legitimacy.
Also remember that offshore investing is high risk. The potential in getting involved in an investing scam is exponentially higher than if a domestic investment was made through a well known brokerage firm, so use every resource at your disposal to make sure the investment is sound. World Progress Report hopes to provide comprehensive educational content for Public Television that deals directly with these issues.
*World Progress Report and its programming are not affiliated with PBS. Our programs are independently produced and distributed to Public Television affiliate stations nationwide.
About World Progress Report:
World Progress Report is a compelling series distributed to Public Television nationwide. Hosted by Joan Lunden, each program is specifically designed to educate the public on the latest issues impacting our society today. For more information, please contact us at (772) 237-8518 or visit us on the web at www.worldprogressreport.com.
"World Progress Report," Hosted by Joan Lunden, Sheds Light on Offshore Investment Fraud and Helps Consumers Avoid this Scam
By identifying some of the tell-tale signs of this scam, World Progress Report helps consumers make the correct decision in investing.
2010-09-22
ELSE PRESS RELEASES FROM THIS DATE:
"World Progress Report" Helps Consumers Recognize Ponzi Scam Tactics
2010-09-22
In the investment world, there are often opportunities to utilize your resources in order to advance your capitol gains, whether it's through business investment, stock trading, or even in an investment on the micro-level. While these resources are great for Americans, there are fraudulent and damaging schemes out there that threaten your wealth should you choose to invest in them.
A Ponzi scam is one of the most prevalent investment frauds in today's society. By paying off new investors with high percentage "gains" utilizing the monetary support of previous investors, ...
Susan Sykes Hendee, Ph.D., Earns a 2010 Honorary Fellowship into the American Academy of Chefs
2010-09-22
Susan Sykes Hendee, Ph.D., CCE, Vice President for Academic Affairs at Baltimore International College (BIC), was named a 2010 Honorary Inductee into the American Academy of Chefs. Dr. Hendee's Honorary Fellowship into the Academy was announced at the American Academy of Chefs 39th Annual Induction Dinner held on August 3 in Anaheim, Ca.
The American Academy of Chefs (AAC) is the prestigious honor society of the American Culinary Federation (ACF). The Academy recognizes those individuals whose outstanding achievements in the culinary profession and involvement in ACF ...
Innovation Portal on NC State's Centennial Campus To Turn Research into Businesses and Jobs
2010-09-22
North Carolina State University has promised by 2012 to double the number of startup companies it launches each year, creating much-needed jobs for workers statewide. NC State's new innovation "hub," called the Springboard Innovation Partnership Portal, will play a key role in achieving this goal by facilitating business partnerships and speeding up the pipeline through which research becomes reality. Springboard is currently located on Centennial Campus.
In a recession, the key to economic recovery is job creation. Companies that are less than six years old provide ...
Fly.co.uk has Cheap Flights for Spanish Breaks During the Late Summer Period
2010-09-22
Fly.co.uk, a leading price comparator, has been helping tourists find the best deals around for late summer and early Autumn breaks. Spain continues to be one of the most popular destinations at this time of year and the competitive prices show that.
Murcia in Spain is one of the destinations which people are heading to as the British summer ends. Autumn in Spain is still very warm and coupled with beautiful beaches and interesting cities, it remains one of the top countries to visit. Fly.co.uk has some fantastic deals on at the moment, especially flights to Murcia.
As ...
Kedington Group "Future Proofs" Lakeland Dairies For Innovation
2010-09-22
Lakeland Dairies, the second largest dairy processing co-operative in Ireland, is known for innovation. With a comprehensive range of high quality dairy products supplied to a global customer base, Lakeland Dairies requires fast, reliable communications. The company turned to Kedington Group to create a network infrastructure that would serve as a platform for continued advances in product development and distribution.
Lakeland Dairies operates in a fifteen county catchment area in the northern half of Ireland. The company's 5 locations house manufacturing, product development, ...
LateRooms.com - Fleurieu Folk Festival to Take Place Near Adelaide
2010-09-22
Music lovers can combine a trip to the beautiful town of Willunga with a visit to next month's Fleurieu Folk Festival.
Acts from throughout South Australia and some interstate artists will be taking to the stage during the event, which runs between October 22nd and 24th 2010.
Unlike some festivals, Fleurieu is firmly aimed at families, with a range of activities planned to appeal to both the young and old who make their way to the site from some of the cheap accommodation Adelaide has available.
Bush poets, children's entertainers and a variety of stalls will be ...
LateRooms.com - Grab a Bargain at Munich's Kirchweih Dult
2010-09-22
Next month's Kirchweih Dult could be on the itinerary for holidaymakers spending time in Munich hotels.
Taking place between October 16th and 24th, this large street market is one of the three Auer Dult events held in the Bavarian capital each year.
The name of the event translates as "church anniversary fair", although the word "dult" comes from an old German term meaning "observance". It was originally a fair based on ecclesiastical celebration, although it is now more associated with the large of number of stalls selling vintage crockery, rare books, beauty products ...
LateRooms.com - Enjoy Coppermines Valley Walk During a Lake District Stay
2010-09-22
Guests of Lake District accommodation who are keen to explore the area may be interested in a guided walk scheduled for next month.
Around Coppermines Valley will take adventurous visitors through an area that is synonymous with the great mining heritage of Cumbria.
Starting at the Coniston Tourist Information Centre on October 26th, this mid-level walk is free to attend and follows disused water channels to some of Coniston's most famous features, including Red Dell and the huge Pudding Stone boulder.
Organised by the Lake District National Park, the four-mile ...
LateRooms.com - Simply Red Heading to Prague's Tesla Arena
2010-09-22
People staying in Prague hotels will have an opportunity to see Simply Red on their farewell tour later this year.
The British band are due to play at the Czech capital's Tesla Arena on their last trip around Europe before they split up at the end of the year.
Having sold more than 50 million records since forming in Manchester in 1985, soul vocalist Mick Hucknall's group have amassed a legion of dedicated fans in cities all over the world.
Simply Red devotees heading to the Prague concert on Sunday November 14th can expect to hear classic hits from the band's ...
LateRooms.com - Roseland Festival Returns to Cornwall
2010-09-22
People staying in one of the luxury hotels Cornwall has to offer may like to visit the Roseland Festival next month.
Returning for the fifth consecutive year, this celebration of art, literature, music and dance is set to run between October 16th and 30th.
The festival takes its named from the Roseland Peninsula, the historic district of west Cornwall that is separated from the rest of the county by the course of the River Fal.
Events are held in the town of St Mawes and several of the surrounding villages, with the organisers promising to deliver a diverse programme ...
LAST 30 PRESS RELEASES:
Reality check: making indoor smartphone-based augmented reality work
Overthinking what you said? It’s your ‘lizard brain’ talking to newer, advanced parts of your brain
Black men — including transit workers — are targets for aggression on public transportation, study shows
Troubling spike in severe pregnancy-related complications for all ages in Illinois
Alcohol use identified by UTHealth Houston researchers as most common predictor of escalated cannabis vaping among youths in Texas
Need a landing pad for helicopter parenting? Frame tasks as learning
New MUSC Hollings Cancer Center research shows how Golgi stress affects T-cells' tumor-fighting ability
#16to365: New resources for year-round activism to end gender-based violence and strengthen bodily autonomy for all
Earliest fish-trapping facility in Central America discovered in Maya lowlands
São Paulo to host School on Disordered Systems
New insights into sleep uncover key mechanisms related to cognitive function
USC announces strategic collaboration with Autobahn Labs to accelerate drug discovery
Detroit health professionals urge the community to act and address the dangers of antimicrobial resistance
3D-printing advance mitigates three defects simultaneously for failure-free metal parts
Ancient hot water on Mars points to habitable past: Curtin study
In Patagonia, more snow could protect glaciers from melt — but only if we curb greenhouse gas emissions soon
Simplicity is key to understanding and achieving goals
Caste differentiation in ants
Nutrition that aligns with guidelines during pregnancy may be associated with better infant growth outcomes, NIH study finds
New technology points to unexpected uses for snoRNA
Racial and ethnic variation in survival in early-onset colorectal cancer
Disparities by race and urbanicity in online health care facility reviews
Exploring factors affecting workers' acquisition of exercise habits using machine learning approaches
Nano-patterned copper oxide sensor for ultra-low hydrogen detection
Maintaining bridge safer; Digital sensing-based monitoring system
A novel approach for the composition design of high-entropy fluorite oxides with low thermal conductivity
A groundbreaking new approach to treating chronic abdominal pain
ECOG-ACRIN appoints seven researchers to scientific committee leadership positions
New model of neuronal circuit provides insight on eye movement
Cooking up a breakthrough: Penn engineers refine lipid nanoparticles for better mRNA therapies
[Press-News.org] "World Progress Report," Hosted by Joan Lunden, Sheds Light on Offshore Investment Fraud and Helps Consumers Avoid this ScamBy identifying some of the tell-tale signs of this scam, World Progress Report helps consumers make the correct decision in investing.