Scams have skyrocketed during the pandemic and won’t go away anytime soon, according to the head of an international investor protection organization.
Some fraud is perennial and uses the same hook every time: Get rich quickly and do no work to achieve instant wealth. Often times, swindlers will have the gall to say their investments promise high returns with no risk. “The most common telltale sign of an investment scam is an offer of guaranteed high returns with no risk. It is important for investors to understand what they are investing in and with whom they are investing,” said Melanie Senter Lubin, North American Securities Administrators Association President and Maryland Securities Commissioner. “Education and information are an investor’s best defense against investment fraud.
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