As we approach the second-half of the year, most employees may have already received their mid-year bonuses in their respective payroll accounts. Unfortunately, scammers are also expecting the same. Recently, illegal investment schemes have been lurking around every corner, waiting for the most opportune time to fool you into “investing” your hard-earned money.
Metropolitan Bank & Trust Co. (Metrobank) warns the public on the many obvious signs indicating that an investment offer that you received via email, SMS, or call may be a scam. Spotting such attempts is possible, if you know what you are looking for.
Here are some things you can watch out for to know if you are the target of an investment scam:
To The Moon!
The biggest indicator of an investment scam is the offer itself. As the saying goes, “if it’s too good to be true, it probably is.” Investment scams would typically offer exaggerated return-on-investment rates…