The offer usually seems lucrative (pretty much like Spectrum Specials), which attracts you to invest your money without thinking straight. The result – you end up losing the money and the promoters are hard to catch.
Stay safe by watching out for these common investment scams that can cause a big loss for you.
1: Advance Fee
In this type of scam, the victim is persuaded to pay the amount upfront for taking advantage of a promising return. The scammer disappears after they receive the money.
Often, the advance fee scammers target investors who have already lost money in a risky investment. They offer the investor a chance to recover their lost wealth. But in exchange for a substantial profit, the investor must pay a refundable deposit which isn’t really…