Various Ponzi schemes happening across the world might give the impression that the con men target only wealthy institutions. But that is just 1 part of an investment fraud. This can happen to anyone and so, various experts from across the world have shared some common tips you can follow to avoid such frauds happening with you.
Verify the License
Not every investment agent is licensed or real. When you meet a person who is selling investment, or receive a call from such a person, always verify their license.
Don’t be a victim to ponzi schemes like the GPB Ponzi Scheme. Spend some time from your end to verify the identity of the person instead of falling a victim to instant investment pull.
Ask as many Questions as you can
Fraud investors rely on you not to conduct a thorough research. People who get duped haven’t spent enough time to know what they are going for.
Take matters into your own hands to defend yourself. It is insufficient to request additional information or recommendations from scammers; they have no reason to correct you. Check for various questions you can ask them to verify their identity and the scheme.
Not Every Lucrative Offer is Genuine
In order to lure you in, fraudsters will present the best possible scenarios for investment, so that you wouldn’t want to check anything and invest right away. Be cautious of that! Not every offer or scheme presented by the investment agents is genuine.
Take extra precautions if you get an unsolicited pitch to invest in a firm, or see it praised on the internet, but can’t discover current financial information about it from legitimate sources. If someone tells you to invest in a foreign or “off-shore” fund, be cautious. It’s more difficult to figure out what happened and where the money was sent if something goes wrong.