Outsmart the scammers and protect your hard-earned money with this helpful guide from The Knoble, a non-profit organization that helps fight exploitation through financial crimes. Here are some of the most common investment scams and the red flags that should signal something is not right with the situation.
Investment scams typically persuade victims to invest in financial markets, cryptocurrencey, real estate, or other assets with promises of high returns and low risks.
Initial Contacts
Received repeated calls about investment opportunities. Red flag of background noise indicating a large call center
Building Trust
Sent brochures and direct to a professional-looking multinational website. Red flag of investment firm based in a different country.
Small Initial Investment
Made a small initial investment to build rapport. Red flag of too good to be true returns on intial small investment.
The Big Ask
Approached for a unique, limited investment requiring a substatential amount. Red flag of funds sent to another country.
$4.6 billion reportedlosses to FTC due to invest scams in 2023. No contact scammers stopped communicating and the website was taken down. Red flag of no response after money is sent, and the disappearance of all contacts.
Protect Yourself & Other from Investment Scams:
Recognize red flags: Be cautious of unsolicited investment opportunities and verify the legitimacy of investment firms.
Stay informed: Educate yourself about common scam tactics and stay updated on fraud trends.
Encourage reporting: Prompt victims to report scams to help track and combat these crimes.
Join the fight against human crime at thenoble.com/join-the-fight
