Online Investment Scams Becoming More Common
Although many online investments seem tempting, you should be aware that
online investment fraud is not uncommon. As with any other type of investment,
you should always carefully research the promoter and the investment before
you make the decision to invest. Here are a few tips for avoiding an online
Don’t fall for “guaranteed”
Higher returns come with higher risks, and anyone who touts a“risk-free” investment or “guaranteed” returnsis probably not legitimate.
Guard your personal information online. Although it should go without saying, never give out your personal financial
information online. That goes for email, web forums, social media sites,
chat clients, etc.
Always ask for it in writing. Ask for a hardcopy of the prospectus or circular, and gather any other
documents related to the investment. Review these documents carefully,
and verify what you’ve been told with an outside source.
Schedule a face-to-face meeting with the promoter. You can learn a lot about an investment promoter or broker by meeting in
person. If you have done some research and are still interested, ask to
meet at his or her office to discuss the opportunity further.
If you would like to learn more about protecting yourself and spotting
investment scams, please request your FREE copy of our helpful book,
Five Signs of Investment Fraud …And What to Do if it’s Happened to You.
If you have already
lost money in an online investment scam, please reach out to our experienced investment fraud attorneys today
for a free and confidential legal consultation. You can reach Meyer Wilson
by phone or by filling out the online contact form on this page.