Investment fraud is a widespread and life-altering problem that can leave its victims in complete financial ruin. Many people think that they’ll never become the victim of fraudulent investment schemes or that they’d be able to easily detect them if presented with one; however, perpetrators of investment fraud are usually master manipulators and as such, it can be easy to miss warning signs if you don’t know what to look for. Included below are some useful tips to help you protect your money against investment fraud.
Although it would be ideal if the investments that tout zero to no risk and high returns were legitimate, more often than not they are carefully orchestrated scams that ultimately will only benefit the scammer. If an investment opportunity is presented to you in a way that suggests that the low/no risk and high returns are possible because of the person’s access to an exclusive opportunity or because of their access to confidential information, this should be seen as a huge red flag.