Common Scams
Investment Scams: Fraudulent schemes promise high returns but are often designed to steal your money.
- Red Flags: Unrealistic profit guarantees, pressure to act quickly, unsolicited offers.
Pyramid Schemes: Require recruiting others to earn money. Those at the bottom lose out.
- Red Flags: Emphasis on recruitment, large upfront fees.
Phishing Scams: Scammers pose as trustworthy entities to steal personal or financial information.
- Red Flags: Emails or messages requesting sensitive data.
Check Cashing Scams: Victims are tricked into cashing fake checks and end up owing money to the bank.
- Red Flags: Unexpected checks, excessive payment amounts.
Home Renovation Scams: Scammers offer to perform home repairs but do substandard work or disappear after being paid.
- Red Flags: Unsolicited offers, unverified contractor credentials.