Fraudsters are clever and constantly scheming. But that doesn’t mean that you need to sit idly by as they try to trick you out of your hard-earned capital.

Here are a few red flags to watch out for when making (or considering making) an investment decision.

The person promoting the investment:

  • is unlicensed
  • aggressively tries to convince you to invest now
  • exaggerates or falsifies his/her professional credentials
  • describes it as “risk free”
  • promises capital appreciation and/or a guaranteed return
  • makes it sounds too good to be true
  • asks for payment by credit card, gift card, or a money wire abroad or to a personal account
  • seeks your personal information
  • reaches out to you unsolicited (i.e., on a cold call)

Here’s a bit more on investing:

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How to spot an investment fraud?

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