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Rosendale urges Montanans to watch for money scams with a falling stock market

Posted at 10:28 AM, Mar 10, 2020
and last updated 2020-03-10 12:28:24-04

HELENA — Montana State Auditor Matt Rosendale says fear and uncertainty in the market can leave investors vulnerable to scams.

“Con artists and scam artists across the country will take advantage of any emergency to try and line their own pockets with extra money,” Rosendale said. “Anything that they see, a disruption in the marketplace, gives them an opportunity to take advantage of folks that are looking for a better rate of return."

Rosendale advises Montanans to follow these tips:

  • Never accept any investments that are "guaranteed." Investments are never guaranteed.
  • If someone offers an investment that is only available for a short period of time, that is also a scam.
  • Ask for a registration number. You can confirm if a person is legitimate by having their number checked by the Montana State Auditor’s office.

If you are or know someone being scammed, you are urged to contact the Montana State Auditor’s office.