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What is a recovery scam? Whether you have been the victim of a scam or not, the first thing anyone would do after losing money is to try and get it back. Scammers know this and intentionally target scam victims with the promise to recover their lost funds for a fee.
Nov 4, 2024 · Always research and verify investment opportunities and the credentials of those offering them before committing any money. Be cautious of investment offers that promise high returns with little or no risk, especially if pressured to act quickly. Protect yourself and your loved ones by staying informed about common scams.
- 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...
In an ICO scam, the scammer sends an email soliciting investment opportunities with fake ICOs. They provide official looking documentation, use buzz words and may even offer a real "token". In the end, everything is fake, and you lose your investment.
Pretending to be a legitimate source, scammers may try to obtain your personal information to commit fraud. They may encourage you to click a link or download an attachment that could install malicious software (also known as malware) on your device.
Sep 25, 2024 · In investment recovery scams, fraudsters keep a list and contact previous investment scam victims by telephone, email, social media or use search engine optimization and claim to the victim that they can return the funds lost in a previous investment scam.
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May 31, 2021 · How the scam works – giving victims a false sense of security. The scam provides investors with high quality brochures and other investment documents that appear to have been produced by easily recognizable banks, insurance companies, mutual fund companies, etc.
