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May 31, 2021 · The fake websites look nearly identical to the real company’s site. Calls to the phone numbers provided typically reach a scammer who pretends to be an employee of the real company. Investors are then usually instructed to send funds via wire transfer.
Dec 23, 2021 · Number five is the services scam at $4.8 million in losses, where scammers will pretend to offer a service such as phone plans, credit cards or insurance hoping to steal your personal information...
- Affinity Fraud
- Binary Options Scams
- Boiler Rooms
- Covid-19 Scams
- Crypto Scams
- Double Dip Or Repeat Scam
- Email Or Text Messaging Spam
- Exempt Securities Scams
- Forex Scam
- Investment Seminar Scam
Affinity fraud targets groups like social clubs and ethnic or religious communities. The scam artist plays on our instinct to trust those who are like us. In some cases, the scam artist may be an established member of the group. In other cases, they may build relationships with influential members of the group in order to gain acceptance—and then u...
Scammers posing as “traders” will place ads online directing you to a well-designed website that seems legitimate. They’ll then bait you with free or bonus money to open an account. They’ll ask for your money via credit card, pre-loaded card, or money transfer—with the promise of easy, impressive returns. In reality, it’s often all fabricated. If y...
This type of scam begins with an unsolicited phone call to buy shares in a private company that is about to be listed on a major stock exchange. They will say that once the company goes public, the value of its shares will skyrocket. The catch? The company doesn’t exist. To convince you the company is real, they might send you to the company’s webs...
These scams (emerging during the COVID-19 pandemic) are based on claims that a company has a solution to help stop the coronavirus outbreak. To learn more about how fraudsters have exploited the pandemic, visit the COVID-19 and Investment Fraud page.
Crypto-related scams often promise unrealistic returns with little or no risk to the investor. The goal is to make you feel afraid of missing out on an opportunity others are profiting from. These types of scams are typically promoted online using social media and websites designed to look like legitimate/registered trading platforms or investment ...
If a scam artist receives money from you after a scam, they’ll often hold onto your information for future use, or sell their list of names and contact information to other scam artists for profit. Typically, after some time has passed, you’ll be contacted a second time and they’ll tell you that some or all of your original “investment” has been lo...
Spam is an unsolicited message via email or text message that promotes a product or service, including investments. These messages can come in a variety of forms, including investment advice, offers to invest in stocks or crypto currencies, or fake solicitations from legitimate financial institutions. Be wary of all unsolicited messages—If you rece...
Exempt securities on their own are not scams—but these investments, typically aimed at wealthier investors, are often the basis of a scam. The scam usually starts with an unsolicited pitch to invest in a promising business that’s about to go public. You may be told that the investment is only available to very wealthy people, but an exception will ...
Foreign exchange (forex) scams often find their victims through ads placed in newspapers, or on radio, TV, or websites. The ads offer you an exciting opportunity to invest your money on the forex market, buy software or sign up for trading courses. What usually happens is that your money is not invested in anything, but simply stolen by the scam ar...
Tax breaks that sound too good to be true often are. So be wary of investment seminars offering you an opportunity to “move your money,” “maximize tax flow” or “pay less tax”. The seminar is likely promoting an investment with some kind of tax break or shelter. In some cases, investors are audited years later only to find that they could be assesse...
Aug 8, 2023 · Scammers are lurking on LinkedIn and other job sites, posing as “recruiters” for well-known companies. But instead of looking to hire you, they’re really looking to take your money and personal information. It starts with a direct message on a job search site like Indeed or LinkedIn.
Mar 5, 2024 · Companies and anti-fraud professionals are warning consumers to watch for fake listings on search engines that redirect people to fraudulent versions of familiar companies and brands.
Mar 15, 2024 · Scammers are impersonating businesses and emailing consumers about renewing subscriptions. Learn how to avoid these imposter email phishing scams.
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Dec 12, 2022 · How to avoid this scam: Don't give out information, such as the name of your banking institution on incoming calls; Hang up and wait at least 1 minute before making a new call. This will ensure that the first call clears from your line. If possible, make the next phone call on a different line, such as your cell phone
