Thursday, April 24 2014 7:36 PM EDT2014-04-24 23:36:25 GMT
The Bossier Parish School Board voted Thursday afternoon to save the district $2 million, which will speed up their school building plan. The board voted to sell $25 million worth of bonds this afternoon,More >>
The Bossier Parish School Board voted Thursday afternoon to save the district $2 million, which will speed up their school building plan.More >>
PHOENIX (CBS5) -
An organization made up of state securities regulators is warning consumers about four new scams that could affect people's personal wealth.
The North American Securities Administrators Association, or NASAA included the new threats in its annual list, which you can find here.
The emerging threats include:
Crowd funding and internet offers
Inappropriate advice from financial advisors
Crowd funding is a way for companies to attract investors over the internet. The strategy was made possible by a law enacted by Congress this year. But consumer advocates and organizations like the NASAA believe it opens the floodgates to con artists by allowing them to contact victims via the internet.
Inappropriate advice from investment advisors are nothing new, as the Bernie Madoff case illustrates. But in 2011, state securities regulators doubled the number of actions they took against investment advisors.
Self-directed IRAs are meant to allow individual investors to directly choose the stocks and finds they want to buy with their own retirement savings. But the NASAA and other consumer advocacy groups have identified several cases where IRA custodians have directed investments into fraudulent and worthless Ponzi schemes.
EB-5 Investment-for-Visa schemes take advantage of something called the "Immigrant Investor Program." It grants visas to foreign citizens who invest a minimum of $500,000 in a new business. It's meant to help create jobs here, but consumer advocates warn that fraudulent promoters may try to make the new businesses seem like safe investments, by incorrectly connecting them to a federal jobs program.
Copyright 2012 CBS 5 (Meredith Corporation). All rights reserved.
Thursday, April 24 2014 2:50 PM EDT2014-04-24 18:50:03 GMT
A Marion County waste-to-power plant was reportedly converting medical waste, including human tissue and possibly aborted fetuses, into power.That report prompted Marion County commissioners to scheduleMore >>
A Marion County waste-to-power plant was reportedly converting medical waste, including human tissue and possibly aborted fetuses, into power.More >>
A pedestrian explains to KSLA News 12 the temptation to avoid a busy Shreveport crosswalk and instead use a popular shortcut, used dozens of times a day. But, that's exactly the spot that turned into a tragic accident on Thursday.More >>
Wednesday, April 23 2014 4:28 PM EDT2014-04-23 20:28:26 GMT
Pranks can be mean-spirited and cruel. Not this one. Parents of this youngster have decided to make his childhood just a little more magical. Take a look. Please feel free to try and trick your childrenMore >>
Click here to watch the adorable trick parents played on their little one, and to hear his jocular response.More >>
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