Online investment fraud is common after natural disasters. An investment fraud lawyer talks about the red flags of online fraud in light of Hurricane Sandy.
As we saw in the aftermath of Hurricane Katrina, some fraudsters are willing to appeal to the heart of the online community in order to line their own pockets. Online investment fraud related to natural disasters like Hurricane Sandy is not uncommon, and online scams were seen after many recent disasters, including Hurricane Katrina, the Indonesian tsunami, and the earthquake in Haiti. Since it seems likely that similar online investment scams will crop up in the aftermath of Hurricane Sandy, here is a review of the red flags of online investment fraud:
- The offer comes unsolicited, often through email or on a social media site such as Facebook.
- The investment claims it will provide unusually high returns over a short period of time.
- The investment focuses on cleanup or rebuilding efforts related to the disaster.
- You are told the investment is safe or “risk free.”
- You can’t meet in person or find a physical address for the company or promoter.
- You feel pressured or shamed into investing right away.
To learn more about spotting online investment scams, please request your free copy of our important book Five Signs of Investment Fraud…And What to Do if It’s Happened to You.
For more help with questions related to investment fraud, or if you have already become a victim, please contact an experienced investment fraud lawyer with Meyer Wilson today. We would be happy to meet with you in a completely free and confidential consultation to talk about your situation and discuss your options for loss recovery. Give us a call today for more information.