Did you hear about an investment opportunity from a friend or someone in a group or community you’re a part of? Before you hand over any money, make sure you’re not getting into an investment scam. Here’s how.
One way investment scammers work is by using your community connections or claiming to have similar values to gain your trust. It can happen online, through social media, or in person. To get you to invest, they’ll promise high returns with little to no risk and lie about how much money others have already made investing with them in forex trading, stocks, cryptocurrency, or something else. After you invest, they’ll often tell you your investments are doing well and make you think you’re making money. The reality? The investment isn’t real or is extremely high-risk, and you end up losing all your money.
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