Scam Alert 5 Questions to Ask To Avoid Investment Scams




  Scams Target You, Protect Yourself  

Investment Scams (HYIPs - High Yield Investment programs)

Fraudulent investment program which offers a very high return on investment, the operators of this program camouflage their scams as legitimate investments. Promised returns could be as high as 220% per month, some promise 10% per day profits. They disclose little or no detail about how money is to be invested because no money is investedRead More

  Ponzi Scheme: Fraudulent investment operation that involves paying abnormally high profits to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business. It is named after Charles Ponzi the originator.  Read More  
  Bernie Madoff's Ponzi Scheme:  An American businessman and former chairman of the NASDAQ stock exchange who was convicted of operating a $50 billion Ponzi Scheme that has been called the largest investor fraud ever committed by a single person.  Read More  
  Advanced Fee Fraud: You are persuaded to pay relatively small sums of money in the hope of realizing a much larger gain from large sums to be transferred to your account. Such scammers pretend to be the wife of a deposed African or Indonesian leader or dictator, a wealthy foreigner who had deposited money in the bank just before dying in a plane crash (leaving no will or known next of kin) or a terminally ill wealthy person.  Read More  

Bank Fraud: The use of fraudulent means to obtain money, assets, or other property owned or held by a financial institution. Bank fraud is a criminal offense mostly committed by insiders or rogue traders.  Read More

  Check (or Cheque) Fraud: The unlawful use of one or more check or checking accounts in order to illegally acquire or borrow funds that do not exist within the account balance or account-holder's legal ownership. The check is written to a merchant or other victim, hoping the victim will not suspect that the check will not clear. The buyer will then collect the cash, goods, or services purchased with the check, and will hope the recipient will not take action or will do so in vain. Read More  
  Credit Card Fraud: Most Internet fraud is done through the use of stolen credit card information which is gotten in many ways. The purpose may be to obtain goods paid for by these cards or to obtain unauthorized funds from an account. Read More  
  Forex Scam: A trading scheme used to defraud individual traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market. Investors may be promised tens of thousands of dollars in profits in just a few days. Often, the investor’s money is never actually placed in the market through a legitimate dealer, but simply stolen for the personal benefit of the con artists.  Read More  
  Identity Theft: A Scam that involves stealing money or getting other benefits by pretending to be someone else. The person whose identity is used can suffer various consequences when they are held responsible for the perpetrator's actions Read More  
  Lottery Scam: In this online scam you will receive an email informing you that you have won a lottery or that the lottery company went into a draw for the distribution of unclaimed money and your email address was selected. You will be asked to make a payment, often in cash, for the money to be released and sent to you. Unfortunately, there is no money and you never hear from the company again.  Read More  
  Oil and Gas Scam: If you think you’ve found the right oil or gas investment to “strike it rich,” consider this: it may be a scam. While some oil and gas investment opportunities are legitimate, many oil and gas ventures are frauds. Read More  
  Phishing: The act of attempting to fraudulently acquire sensitive information, such as passwords and credit card details, by masquerading as a trustworthy person or business with a real need for such information in a seemingly official electronic notification or message (most often an email, or an instant message).  Read More  
  Pyramid Scheme: Scheme in which each person who joins the scheme has to recruit a certain number of people to the scheme in order to make money. Each person pays a fee to the instigator of the scheme to join, and receives a fee for introducing new members. The longer the scheme goes on the harder it is for existing members to recruit new members. As a result the people at the bottom of the pyramid usually lose money.
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Avoid Internet scams
The Internet allows individuals or companies to communicate with a large number of people without spending a lot of time, effort, or money. Anyone can reach millions of people by building an Internet web site, sending mass e-mails, entering a discussion in a live "chat" room or posting a message on an online bulletin board.

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