In a recent LinkedIn thought piece, Shamir Rajadurai opened up about his personal experience with investment scams, shedding light on the deceptive psychology behind financial frauds. His admission — that even crime prevention experts can fall prey to sophisticated scams — highlights a critical truth: scammers exploit trust, not ignorance.
According to Dr. Rajadurai, financial literacy goes beyond knowing terms; it involves recognizing emotional manipulation, overconfidence, and social proof as tools scammers use. His advice? Stick to regulated institutions and transparent financial pathways, such as bank-endorsed funds or verified mutual trusts.
Dr. Shamir Rajadurai’s message serves as a wake-up call to professionals: due diligence is not optional when trust becomes the most powerful weapon in a scammer’s arsenal.linkedin