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If you invest your money out of the country is possible that you can get your money stolen?


i heard that if you invest your money out of the country (some places) when your money grows that they take it and disappear..has this happened to anybody?

Yes, it is very possible. Some countries have guidelines, others have strict laws, while others have virtually no ability to enforce those laws. Even in the most careful and just nation, it is possible for someone to abscond with your money, so you must always be wary.

It's never happened to me, but you'd have to obviously be careful. Things that apply to every financial institution in America will not apply to these companies, and you won't be familar with laws of them. It would be easy to be misled, and of course with the distance, you wouldn't be there to see things for you own. It seems like a big risk, so I don't see why you would want to bother. There are lots of investments here in America you can work with and know the state and federal laws are on your side.

I'm sure it has happened. Should be OK if your accounts are held with a big money center bank like Barclays. If you are from the US you should keep your money here unless you have the kind of CPAs / Attorneys that only people with big money can afford to set things up for you. If you are thinking of ways to cheat the tax man don't do it!

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