Investment Scams: Conclusion
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Now that you're familiar with the various kinds of online investment scams, we hope you'll be prepared for anything the fraudsters throw at you. We'll be happy if this tutorial saves one person from being scammed out of their hard-earned money.
- Many scams on the 'Net aren't new at all. They're just variations on classic Ponzi schemes, pump and dump scams, and offshore investing scams.
- Bulletin boards are especially dangerous because you don't know the identity of who is posting. Take all posts with a grain of salt.
- Newsletters are often written by paid promoters. Always be skeptical: if things sound too good to be true, they probably are.
- Spam isn't even worth the second it takes to hit delete.
- If you encounter a scam, contact the SEC.
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