When you hear about a can’t-miss investment opportunity your first reaction might be to jump right in. Don’t. But how do you tell the difference between a legitimate investment — and a scam?
Investment scams create the impression that you can "make lots of money" with "little to no risk." They often start on social media, online dating apps, or from an unexpected text, email, or call. This Military Consumer Month we’re talking about ways to avoid investment scams and bogus money-making schemes.
Here’s what to know:
Don’t accept any unsolicited offers. If you get an out-of-the-blue call, text, or email about “an amazing investment opportunity,” it’s a scam. Walk away.