Avoiding Scams and Scammers

As investment and financial management gain popularity, investment fraud is also on the rise. From Ponzi schemes to fake projects, scams are causing significant investor losses. This article will guide you on avoiding investment fraud through understanding scams, prevention, and response.

Common Characteristics of Investment Scams

Investment scams often promise high returns and use "low risk, high reward" as bait. They lack transparency and create a sense of urgency.

Preventive Measures Before Investing

Before investing, conduct thorough background checks, consult independent advisors, carefully read contracts, and ensure that all important details are confirmed in writing.

Response After Encountering a Scam

Upon discovering a scam, immediately stop all investments, report the incident, provide evidence, contact your bank to freeze accounts, and consult a legal advisor.