Scams have become quite prevalent in recent times, and there are several signs to watch out for when trying to spot an imposter selling fake schemes.
Here are some signs to identify imposters
- Promises of high returns with no or very low risks are often used to lure investors, especially when you see statements like "Double your money in weeks" or "Guaranteed profits."
- Requests for upfront large sums of money as initial contributions, or even a processing fee for an investment are common tactics used by fake online businesses and investment schemes.
- If you are pressured to invest immediately or if there is a sense of urgency, claiming they have limited seats or slots is a tactic used by many scam schemes.
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