How to spot an investment scam

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Despite heightened consumer awareness and education, more and more people fall prey to investment scams and fraud, especially in times of financial desperation.

Increased access to technology, coupled with advances in artificial intelligence, means that investment scams are becoming more sophisticated, more cleverly disguised, and more difficult to identify.

As a potential investor, there are steps you can take to verify any potential investment before parting with your hard-earned money:Any investment that promises returns that are greater than what investment markets are able to generate should immediately sound alarm bells. If the investment promises to double or triple your money in a short period of time, this should be an immediate cause for concern and a clear signal to back off.

 

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