Why You Should Avoid Celebrity Endorsement Scams Like the Plague

Investing isn't a sure bet. To succeed, slow and steady usually wins the race. That hasn't stopped scores of people from falling victim to get-rich-quick schemes. They ignore the old adage that, if it's too good to be true, it probably is -- and lose their money.

Who can blame them? Some of these get-rich-quick schemes come with the full backing of celebrities and business moguls. Victims think they're investing alongside their favorite movie star or billionaire, but it's usually a scammer who disappears with their money.

Billionaire Richard Branson raised the alarm about these get-rich-quick scams in a blog post this summer:

Source Fool.com