Have you ever fallen victim to an investment fraud before? Even if you haven’t exactly been a victim, you probably have received unsought sales pitch on a phone call. Or you know someone who has been subjected to it.
Investment fraud is any investment-related scheme or deceptive activity that convinces investors to make decisions based on false or ambiguous data. People fall for such scams for reasons such as the attractive financial gain promised, being too optimistic, the uncertainty of the financial environment and also because they believe they are knowledgeable or too smart to fall for it.
Here are 5 steps you should follow.
1. Know the salesperson:
Before you invest, spend some time checking out the person promoting the investment. You should … Read More...