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16-11-2021
In the digital era, all roads lead to online marketing and that has arisen online scammers and their mules to look for new ways to trick the victims. Those fraud and deception unfold greed and temptation to lure people who know little about the business to invest in assets or dummy business. Scammers mostly tempt people to join a new investment or new business to get incredibly high returns than general investment such as, earning interest every 3 months or receiving 100% principal together with interest, etc. After getting all victim money, scammers will take it to pay interest or benefit to the first investor, and then they’ll find new victims to build investment network and continue doing that like a chain reaction and finally take all those money to pay their network leaders. In the case that scammers can’t pursue new people to add on investment, that fraud business will fall to pieces because they don’t have money to pay interest or benefit anymore. And when that Ponzi scheme collapses, in most cases the sufferers or victims can’t get money back because their money is transferred by the scammers before a lawsuit and the victims are not able to trace the financial journey. Eventually, they will become impoverished or lose all their entire life savings.
In fact, there’s no investment in the world that can guarantee certain benefits. However, because of ingenious techniques and methods, scammers tend to flaunt people with their wealth and that’s easy to trick because of their trustworthiness, especially among friends. At present, there’re massive online Ponzi schemes based on scammer tricks such as selling products, direct selling, investment in new assets like Forex or digital currency, raising money to the stock market, and even cow feeding as seen in social media. Generally, Ponzi schemes or most online scams have deceptive tricks in common in order to seduce or invite the victims to join their investment as follows.
How to avoid being a victim of online scams
Check carefully before investing
Check the company names if they’re legally registered before investing as follows.
Before making an investment decision, think carefully that no investment would offer you high returns in short term with guaranteed benefits. The more profit you gain, the higher risk you take. If you don’t want to be the scammer victim before investing or joining a business pursued by social media, it’s wise to check their reliability first. Alternatively, you may choose a renowned financial institution recognized by the government sector.
Source :
facebook FinSpace