Beware of investment scams

[Corzhens]

Scams are again getting prevalent. The public is being warned of the current investment scams that are attractive particularly for retirees who are looking for a means of income. The scammers promise a 10% interest monthly on the investment. The investor is paid the monthly interest on the 1st and 2nd month. During that time, the scammer convinces the investor to put in more money since he had received the promised interest. In effect, the investor would roll his investment including the interest earned plus some more that he would borrow from friend. On the next month, the scammer had vanished.

Another scam is the mortgage of a vehicle or house. The title is given to the investor on the promise that the mortgaged house is being rented out so it will earn. For a vehicle, it is used in car rental so the investor earns while waiting for the installment of the money he loaned. But the scammer vanishes after receiving the investment.

[lovely]

Thanks for alerting the community it has always being in human nature to want to deceive the next person either for financial or otherwise gain but we just have to be careful of the investment we are getting and be sure of its genuineness before parting with our money, thanks goodness I have never been scammed

[Henrywrites]

The scam investments were prevalent in my country in the last two years and it came crashing last year. That moment came with many losing their lives and even a situation where some were sacked from their jobs as a result of using the company money to invest on ponzi schemes that promised bigger interests. I was just careful not to have lost huge sum of money, but that period taught me so much about life.

[ghost]

Yeah always good to be on the look out. I'm sick of seeing ads about retirement plans where they have a happy old couple who've bought bonds, but the bonds are really low rated, its deceptive.

[Martin]

Good advice, make sure to heavily research the things you are looking into, especially on impartial websites.

[Kakashi2020]

Scams are again getting prevalent. The public is being warned of the current investment scams that are attractive particularly for retirees who are looking for a means of income. The scammers promise a 10% interest monthly on the investment. The investor is paid the monthly interest on the 1st and 2nd month. During that time, the scammer convinces the investor to put in more money since he had received the promised interest. In effect, the investor would roll his investment including the interest earned plus some more that he would borrow from friend. On the next month, the scammer had vanished.

Another scam is the mortgage of a vehicle or house. The title is given to the investor on the promise that the mortgaged house is being rented out so it will earn. For a vehicle, it is used in car rental so the investor earns while waiting for the installment of the money he loaned. But the scammer vanishes after receiving the investment.

There's a lot of scams nowadays, because of willing victims who are easily duped of their hard earned money, these can be seen in Facebook, posting nice photos of themselves som with videos showing their mansions and luxury cars and inviting people to join them in their business, people by nature are gullible that's why ponzi schemes and networking companies are making money.  The government should really step up on its efforts to file cases and or arrest these people.

[Anachiwo]

I don't trust anything that asks for my account details online and I would never try purchasing anything from any online site that is not known to be well trusted. This is the best way to stay far away from the reach of online scammers. These people would go to any lengths just to steal from people, so I'm being extremely cautious and careful with them.

[EfficientNinja]

Those are very unrealistic gains. If it's too good to be true, we should avoid it. A guaranteed 10% return and on a monthly basis is like a dream and I think skilled stock traders can only be the ones to do these types of things.

[killamch89]

Scams are again getting prevalent. The public is being warned of the current investment scams that are attractive particularly for retirees who are looking for a means of income. The scammers promise a 10% interest monthly on the investment. The investor is paid the monthly interest on the 1st and 2nd month. During that time, the scammer convinces the investor to put in more money since he had received the promised interest. In effect, the investor would roll his investment including the interest earned plus some more that he would borrow from friend. On the next month, the scammer had vanished.

Another scam is the mortgage of a vehicle or house. The title is given to the investor on the promise that the mortgaged house is being rented out so it will earn. For a vehicle, it is used in car rental so the investor earns while waiting for the installment of the money he loaned. But the scammer vanishes after receiving the investment.

I am extra careful when it comes to handling my money so it is highly unlikely I will fall for such scams. However, it is great that you chose to share this information so that everyone on this platform can be informed. I always inform people that before you do any investment deals with anyone at all - you scrutinize the deal thoroughly and ask a lot of questions.

[acediscuss001]

Quick gains are quick loses too. Easy come , easy go as they say. These crypto thing that appreciates overnight to more than 1000 % is really wacky to say the least. Investing in stocks may take some time but there are predictors and rules to go by. The crypto thing claims a decentralized system but are actually peripheral systems by themselves operating outside of the norm. And it also claims that the block chains are secured by several groups independent from each other. I see this as nothing more than the guilds that sprung up when the centralized roman empire collapsed during the 5th century.