Money Moves September 03, 2018 at 06:38 am

6 biggest financial scams you should watch out for right now

Mildred Europa Taylor | Head of Content

Mildred Europa Taylor September 03, 2018 at 06:38 am

September 03, 2018 at 06:38 am | Money Moves

Scam — Carmel Clay Public Library

Cold calls

Be careful of strange numbers and the sort of information you give out to them when they claim to be offering investment opportunities and financial advice.

The scammer will usually tell you to quickly invest else you will miss out.

An advertisement can come with claims such as ‘risk-free investment’, ‘don’t you want to double your money?’, ‘be a millionaire in three years’, or ‘get-rich-quick’.

“And then they say if you don’t buy it now it’s going to go away … that’s what is supposed to get you salivating,” according to FINRA Investor Education Foundation president Gerri Walsh.

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