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“Investment scams always promise high, unrealistic returns with little or no risk,” McGlynn said. “Remember that if an offer seems too good to be true, the chances of it being true are remote.
The Tennessee Department of Commerce & Insurance’s Division of Securities wants individual investors to learn the red flags of these types of scams so they can avoid losing their money, their ...
Phone numbers also can be spoofed to mimic those of callers known to the target of voice cloning scams. In 2023, senior citizens were conned out of roughly $3.4 billion in a range of financial ...
A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.
There are a number of phone apps which try to identify, screen, send to voicemail or otherwise deter telemarketing calls with most major carriers providing some level of free scam call screening."Call Blocking". Federal Trade Commission Additionally both iOS [30] and Android [31] operating systems offer scam screening options.
One scam involves crooks claiming to know about an arrest warrant for a potential victim and requesting, say, $500 in gift cards to resolve it, said Capt. Brian Stutsman of the Maricopa County ...
All investments carry some degree of risk, but there's a distinct line between a risky investment and a downright scam. Unfortunately, scams are prevalent. According to data from the Federal Trade...
The role of AI in financial scams. Scammers can use AI technology to duplicate voices and trick people into sending money or revealing personal information by pretending to be family members, co ...