Beware of bogus offerers

False hope: A file picture shows a man passes a booth for Avon with recruiters waiting to talk to attendees at the employment guide job fair in Westminster, Colorado. Whether or not the SEC is successful in nabbing anyone in this saga is yet to be known but the lesson learnt here is that the shenanigans of dodgy parties had led to losses by investors who believed the buyout to be true. – Reuters

False takeover bid for US-listed Avon shows the ugly side of manipulators

THE fraudulent takeover bid that hit US-listed cosmetic giant Avon Products Inc is an indication of the extent to which all capital markets are subject to the wily nature of manipulators.