Beware of Investment Fraud

Don’t Wire Money to Someone You Don’t Know

It’s probably a scam, and you’ll probably never see that money again.

Don’t Share Your Personal Information

Anyone who asks for your bank account details or Social Security number is probably trying to steal your money – or even your identity.

Double Your Money?  Triple Your Money?  More Like Steal Your Money

Don't be tempted by outlandish returns, particularly when returns are promised within weeks or months.  If it sounds too good to be true, it probably is.

Don’t Believe in “Guaranteed” Returns

Investing involves risk, and big returns usually come with big risks.  Even someone who isn’t out to steal your money may invest it in a financial product that’s much riskier than you were led to believe.

Don’t Fall for “Must Invest Now”

Don’t be pressured into a quick decision.  Better yet, get a second opinion.  Show the post to a trusted friend or family member for a reality check.

Don’t Invest if You Don’t Understand

Con artists often claim to use complicated strategies that the average person can't understand.  But these supposedly complex schemes are usually pretty simple: they’ll take your money and run.

Fees?  What Fees?

Investment promoters may conveniently forget to mention their management fees or penalties for early withdrawal.  Don’t be afraid to ask questions.

Don’t Pay for “Inside Information”

A Wall Street insider is not going to share valuable information with a stranger.