An Easy Guide to Spot Imposters Trying to Sell You Fake Schemes
1min 6 seconds read
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.
4. If there are no proper registration certificates or the company does not comply with SEBI regulations, it is likely not a legitimate company you can trust.
5. Too-good-to-be-true testimonials are a trick used by scammers. They often make use of exaggerated success stories, testimonials, or online reviews that seem overly positive and unrealistic. If every review or testimony claims instant, massive profits without any downsides, be cautious. Real investment opportunities often have balanced feedback with clear risks outlined.
6. Suspicious payment methods or channels, such as personal account transfers, or personal link payments are strong indicators that it may be a scam.
7. If there is a lack of a physical address, a real office, or if the company/person refuses to provide an official address, it could be a scammer working remotely to avoid meeting people in person.