Avoid Investment Scams

by Pam on April 27, 2009

Investments scams are everywhere. Every time you receive an unsolicited email or phone call about an “opportunity” it is likely to be a scam. It is important to pay attention to the warning signs so you don’t get fooled into falling for any of them.

Here are some things to watch out for:

1. Guarantees for success or promises that the opportunity is risk free.

2. Promises that you will make lots of money really fast and/or that the opportunity is risk free.

3. Sob stories from strangers asking you for favors in helping them access bank accounts.

4. Requests to invest offshore and benefit from tax sheltering.

5. Being told that you must keep the investment opportunity confidential.

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