Investment scammers claim you’ll get big returns investing in a hot new money-making “opportunity” — maybe something like cryptocurrency. Some scammers say you’ll likely make a lot of money if you follow their proven system or method. But will you?
We know that there are plenty of scammers hawking phony investment opportunities. In 2023, people told the FTC that they lost $4.6 billion to investment scams — more than any other category. And military consumers reported high median losses to investment scams: $7,000. What do you need to know to avoid investment scams?