Advanced System Care – Help Keep Scammers Away by Cleaning and Secureing Your PC Effectively and Keeping it that Way

All investments carry some degree of risk, but there’s a distinct line between a risky investment and a downright scam. Unfortunately, scams are prevalent. According to data from the Federal Trade Commission, consumers lost more than $8 billion to fraud in 2022. If you’re someone who actively invests or is interested in getting started, it’s important to be able to differentiate between legitimate investments and investment scams

Check out the advice and expert insight below on how to keep an eye out for investment scams.

Common Types of Investment Scams

While all investment scams aim to trick you into giving away your money, they don’t all work in the same way. There are, unfortunately, many variations of investment scams. It helps to know some of the more common types of investment fraud, so you know what to look out for.

Here are a few common types of investment scams:

  • Real estate fraud: There are a variety of real estate scams, including mortgage scams, rental scams, loan-flipping scams and more. This type of fraud often involves scammers posing as qualified real estate or lending professionals. 
  • Cryptocurrency fraud: “Cryptocurrency scams are common, because there is a lot of curiosity around it but very little education,” said Brittany Allen, fraud prevention expert and trust and safety architect at Sift. Scammers may demand cryptocurrency as payment in advance, make guarantees of massive profits or even offer unsolicited advice about cryptocurrency investing through dating apps or sites.
  • Fake investment seminars: These are seminars where someone makes you a small offering — like a free lunch — before trying to sell you on an investment. They use reciprocity as a tactic to make you more likely to buy.
  • Pyramid schemes: Pyramid schemes involve scammers recruiting new investors to sell a fake or misrepresented product or service. But the real emphasis is on recruiting new members, which is how investors make money. Eventually, there aren’t enough new recruits buying into the program, and the pyramid collapses.
  • Pump and dump schemes: These schemes involve fraudsters sharing fabricated information about a company in hopes of boosting the price of the stock. “Once the price is higher, they sell their shares or [cryptocurrency] coins, causing the price to plummet and leaving all other investors with significant losses,” Allen explained. Look for these scams in online forums and chat rooms.

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