Be aware: Here are some of the common investment scams 

Investment and financial fraud is on the rise across the world. Each day thousands of people are conned out of their hard-earned money by scams that have become increasingly sophisticated.

There are dozens of ways scammers use to gain access to people’s accounts, often masquerading as being from financial institutions. Investors need to be vigilant. If something feels or looks strange, stop what you are doing and get in touch with your financial service provider directly or your financial advisor. Never feel pressured to do something right away.

Here are some of the prevalent investment scams in South Africa:

High-yield investments: The higher the yield, the higher the risk, is a well known investment saying. This type of fraud typically includes an unlicensed individual…