Explore the significance of financial literacy in safeguarding investors against schemes like the Pierce County Ponzi operation. Begin by outlining the basic characteristics of a Ponzi scheme and common red flags that potential investors should be aware of. Discuss the role of due diligence and how understanding financial products can prevent investment fraud. Highlight resources available for enhancing investor education and financial awareness. Conclude with actionable steps individuals can take to protect their investments and promote financial well-being.
