Romance Novel Giveaways - Freebies and Giveaways of All Things Romance Romance Novel Giveaways: Avoiding Swindlers by Al Rosen 💕 Boolk Tour and $10 Gift Card Giveaway 💕(Non-Fiction)

Wednesday, February 8, 2023

Avoiding Swindlers by Al Rosen 💕 Boolk Tour and $10 Gift Card Giveaway 💕(Non-Fiction)




The book deals with actual situations that resulted in investors losing multi-millions of dollars to financial tricksters. Emphasis is placed upon learning how to detect early warning signs. Financial exposure can be minimized prior to situations deteriorating into bankruptcies. However, individual investors have to take specific actions after doing some homework. Otherwise, the alternative is to lose money by listening to "hot tips," often involving publicly traded securities.

Some types of commonly seen but inappropriate financial reporting are permitted in certain countries (including parts of North America), even though they deeply aid the financial tricksters. Governments are seriously neglecting investors by not prohibiting certain reporting trickery. Overall, in some regions, investor protection is simply archaic (including allowing false advertising). Currently, investors face serious risks.

The book attempts to minimize technical language. Stress is placed upon encouraging investors to look for specific warning signs before opening their purses and wallets to the growing group of tricksters.

"Avoiding Swindlers" will change the way you look at Canadian investments.

This book was featured on Publisher Newswire's 2022, "10 Books to Bookmark" list.

https://californianewswire.com/publishers-newswire-releases-its-2022-books-to-bookmark-list-with-10-great-books-youve-likely-never-seen/

The book also received a glowing review from ReaderViews. https://readerviewsarchives.wordpress.com/2022/10/18/avoiding-swindlers-rosen/


Following 2011-2012, most Canadian public corporations (including many of those listed on the Toronto Stock Exchange, or TSX) introduced an entirely new income/profit concept for their investor financial reporting. In essence, hoped-for profits of future years were being recorded as income for today. What had really changed was the nastiness of financial reporting to investors had ballooned. Many companies began utilizing IFRS (International Financial Reporting Standards) in 2011-2012, which is hardly “international.” The IFRS regulations are generally far looser and judgmental in measuring “net income” than would be permitted to exist for U.S.-based corporations. Cause for investor concern should be especially high in Canada because governments have not prohibited nasty reporting that IFRS permits. For example, many real estate and infrastructure assets are being financially reported for Canadian companies based on barely-regulated management estimates of ill-defined “value.” Credibility should be a major investor concern. Bloated “income” causes serious consequences. Avoiding Swindlers 3 What becomes particularly scary for investors is that year-over-year estimated changes in these “values” are permitted under IFRS in certain industries to be reported as part of current year “income” before tax. The reported “value” increases do not arise from the pre-2011 rules that you have to actually have to have sold assets to third parties before declaring that income had been earned. Instead of requiring an actual asset sale to help prove the alleged increased dollar “value,” corporate managements (who could be receiving a bonus based on annual income before income tax figures) have been granted full “value” choice authority.

    

L.S. (Al) Rosen has combined being a university professor (holding a PhD) with several qualifications in the fields of investigative accounting and reporting (such as acting as a fraud examiner) for over 35 years. He has authored many reports for court cases, and has testified in courts in various countries in many large-dollar cases. Often the allegations are that investors have been deceived by materially misleading financial reports. He has co-authored two previous books, and articles, with his son Mark. They address how and why multi-million dollars of investor money essentially, and often quickly, vanished. Real situations are the subject of these writings. Money was stolen and hardships resulted.


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