• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Friday, February 3, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
ScamKeyboard

5 All Too Common Investment Scams (and How to Avoid Them)

Fraud is everywhere. You can't even pick up the phone anymore without being scammed.

by California Business Journal Editorial Staff
A A
Share on FacebookShare on Twitter

One of the most prominent places people are being scammed – investments. According to the Senate Special Committee of Aging, investment scams are becoming more widespread than ever, scamming older Americans out of nearly 3 billion each year.

The purpose of an investment is to watch your money grow, not be stolen. If you would like to protect your investments, keep reading this guide to learn the five most common investment scams and how you can avoid them.

1. Ponzi Scheme

The infamous Ponzi scheme is named after Charles Ponzi, who was known for his con artist ways. Ponzi schemes involve a hierarchical system where current investors are paid with the funds from new investors.

These types of schemes typically don’t generate actual earnings. The money must be constantly flowing in from new investors to support the operation.

How to Avoid

When it comes to Ponzi schemes, the red flags are all over the place – promises of large returns with little to no risk, secret strategies, and difficulty finding where they generate earnings from. With any investment, it’s critical to do your due diligence and make sure you understand the investment.

2. Cryptocurrency

With cryptocurrency being somewhat misunderstood by many, it makes scammers jobs easier to take advantage of individuals.

Cryptocurrency scams can come from anywhere – emails, pop-ups, even social media. These con artists will often give you a proposal to send them bitcoin and receive double the amount.

ponzi_schemeHow to Avoid

To avoid cryptocurrency scams, make sure you are investing through a legitimate broker. Also, it’s important to be skeptical when you are offered something for free, especially when it comes to investing.

3. Real Estate

Real estate scams have been garnering a lot of attention lately, especially when it comes to timeshares. Unfortunately, timeshare scams are flooding the market. Many times investors will purchase timeshares without doing any homework and end up getting scammed. They will then require the services of a timeshare exit company.

How to Avoid

Investing in a timeshare is tough, you must do your research and understand fully what you are investing in. If you are already part of timeshare and would like to get out, consider hiring a cancelation attorney to avoid any headaches.

4. Stock Market Scams

The stock market is an excellent place to grow wealth – however, there are several stock market scams to look out for.

Pump and dump schemes are common with lower-valued equities because of the scammers’ ability to influence the price. Investment frauds will typically try to influence the investor to purchase certain securities, knowing they will lose money.

stock-market-3How to Avoid

To avoid falling victim to investment fraud, it’s recommended to do your due diligence before making any purchasing decision. Be very careful when other investors try to influence your purchasing assets – stick to what you know.

5. Binary Options Scams

Binary options are derivatives of stocks, meaning the price is based on and influenced by an underlying asset. These options can be used to speculate and protect investments against price decreases.

These binary options scammers will tell you how quickly you can make money trading options when, in reality, they are just looking to take your money.

ADVERTISEMENT
How to Avoid

Avoiding binary options scams starts with recognizing what they look like. Scammers will promise absurd returns with only a little bit of capital upfront. Again, make sure you are researching everything about a company before investing.

Overcoming Investment Scams to Build Wealth

The best way to grow your wealth is by actively investing and generating consistent returns over time. However, the illusion of getting rich quickly leads many new investors into traps like investment scams. To avoid these, it cannot be stressed enough to do your due diligence and gather a complete understanding of the investment.

Tags: 5 All Too Common Investment Scams (and How to Avoid Them)attorneybestBitcoinbrokercompanycryptocurrencyEstatefinancialFundshiring a cancelation attorneyinformationinvestinginvestmentInvestment ScamsInvestment Scams and How to Avoid TheminvestmentsinvestorinvestorsITjobsleadsLittlemakingPopPricereal estateServicesSocial Mediastock markettradingwealth
ADVERTISEMENT
California Business Journal Editorial Staff

California Business Journal Editorial Staff

Related Posts

How Much Money Can You Make Trading Binary Options?
How Much Money Can You Make Trading Binary Options?
Bitcoin: Is it a New Kind of Property?
Bitcoin: Is it a New Kind of Property?
scam cell calls
Scam phone calls are on the rise ... again
Online casino fraud
Casino streaming fraud is raging
Ethereum
Cryptocurrency Corner: So What Exactly Is Ethereum?
2 equity-investment
What Is Equity Investment and How Does It Work?
nasdaq-stock-wall
Can You Teach Yourself to Trade?
advertisement
ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN

Commercial Relationship Manager 3, Wells Fargo Bank, N.A., Los Angeles, California:

Represent the bank in developing and maintaining client relationships within middle market and mid-corporate banking.

Position requires a Bachelor’s degree in Business Administration, Finance, or related field and 3 years of experience. Requires up to 20% travel.

To apply, send resume to recruiter_inbox@wellsfargo.com and reference Requisition # 000329 in the subject line.

Facebook Twitter LinkedIn LinkedIn Instagram
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0
  • 6 Types of Business Records and Receipts Every Small Business Should Keep

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0

Latest Articles

Q&A with Jennifer Woods, Vice President and Associate General Counsel of FrontDoor on Why Companies Should Release Sustainability Reports.

Q&A with Jennifer Woods, Vice President and Associate General Counsel of FrontDoor on Why Companies Should Release Sustainability Reports.

Best Practices for Establishing Secure Password Protocols

Best Practices for Establishing Secure Password Protocols

How to Up Your Marketing Game with Real Estate 3D Rendering

How to Up Your Marketing Game with Real Estate 3D Rendering

Tips For Designing A Vinyl Banner For Your Business

Tips For Designing A Vinyl Banner For Your Business

15 Useful Animation Makers for Novice Entrepreneurs (2023)

15 Useful Animation Makers for Novice Entrepreneurs For 2023

What is FinTech?

What is FinTech?

IT Company Tips: How to Develop IoT Mobile App

IT Company Tips: How to Develop IoT Mobile App

Offline Marketing Strategies for Brand Visibility and Awareness

Offline Marketing Strategies for Brand Visibility and Awareness

Around the U.S.: Benefits of Getting a Loan From Hard Money Lending in Colorado

Around the U.S.: Benefits of Getting a Loan From Hard Money Lending in Colorado

6 Easy Ways to Win the Online Casino

6 Easy Ways to Win the Online Casino

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR