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Your best friend’s grandmother is
thinking about investing in U.S. bonds, but has been getting suspicious phone
calls and letters about such investments. Neither your friend nor her
grandmother is very familiar with bonds, except that they are aware that they
are supposed to be safe. It is your understanding that the U.S. government does
not directly solicit these investments from the public. Since you are studying
finance, your friend has asked you for help.
Search the U.S. Department of Treasury
website, Treasury Direct (http://www.treasurydirect.gov/tdhome.htm)
and find the area about frauds, phonies, and scams. Write a letter to your
friend summarizing what you found and give her some ideas for further research.