Video: How to Spot an Investment Scam

We all dream of financial success. But when it comes to investing, some risks aren’t worth the rewards.

Investment scams take a variety of forms - from coaching and management schemes to fake cryptocurrency and investment companies. Be on the lookout for opportunities advertising a sure way to make easy money fast, regardless of your experience, promising financial security for years to come.

In reality, all legitimate investments require a level of risk.

Be cautious of exaggerated claims and do thorough research before making any financial decisions. For example, you might see an “exclusive offer” to join a program for a limited time. It’s important to recognize this as a pressure tactic designed to rush you into making an ill-informed decision. If an investment opportunity requires upfront payment through cryptocurrency or a direct payment method, don’t engage.

Above all, remember to slow down and ask yourself questions.

If money has already been sent, contact your financial institution directly at the number listed on the back of your bank-issued debit card, in your banking app, or the bank’s official website. scam.