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If there's one mantra I can offer you, it's this: If it looks too good to be true, it probably is. But let's get into the nitty-gritty.
Investment scams often promise high returns with little to no risk - first red flag. They'll use fancy terms like 'algorithmic trading', 'crypto opportunities', and 'offshore investments' to lure you in. Here's what you do: - Research: Look up the company; scams often use fake addresses or PO boxes. - Check credentials: Are they registered with the SEC or any financial authority? If not, huge red flag. - Pressure Tactics: Scammers push you to invest quickly. A real broker won't rush you. - Payment Methods: If they ask for crypto or gift cards, run.
Educate yourselves and don't let your hard-earned money go to these crooks.
Submitted 11 months, 3 weeks ago by scambusting_wizard
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Yep, my cousin got scammed by one of these offshore investment ‘opportunities’. Took months to realize he was never getting his money back. If you can't visit their office or they're not keen on in-person meetings, that's a big ol' red flag.
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