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Danger Zone

Scam artists are targeting capital-hungry entrepreneurs.

This story appears in the August 1996 issue of Entrepreneur. Subscribe »

To hear Don Spencer tell the story, he and his business "got screwed."

Spencer is no stranger to starting and running businesses. Between 1987 and 1993, the nationally certified training coach ran a gymnastics complex in Cañon City, Colorado, which cleared approximately $200,000 a year. The business eventually expanded to a satellite operation in Pueblo.

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