Fear of Missing Out (FOMO)
Fraudsters are skilled at making it sound like their offer is making others rich while you sit on the sidelines. They may say their opportunity is known and available to only a select few. But most legitimate investments are available to anyone with the savings to invest. Sometimes, the best investment is the one you don’t make.
High Return | No Risk | Guaranteed
Fraudsters aim to hook you with promises of higher-than normal investment returns. They may suggest that their “risk-free” investment is backed by “assets” of some kind, or “held in trust”. If it sounds too good to be true, it is!
The Trust Trap
Sometimes, someone we know promotes a fraud without even realizing what it is. We tend to let down our guard with people we know and trust. Yet after they have lost their investment, many fraud victims report having done just that.
Pressure to Buy
Fraudsters are experts in high-pressure sales tactics and can have you signed up before you even know it. They may tell you there’s no time to ask for advice and that you have to sign quickly if you want to get in. If you ever feel you’re being rushed, can’t change your mind, or back out—remember, it’s always okay to say No!
Questions Not Answered
Fraudsters work hard to override your instincts with complex documents and arrangements that seem legitimate but don’t actually make sense. They may dismiss your questions and fall back on arguments that are overcomplicated, inconsistent, and filled with jargon. If you can’t understand it and can’t get your questions answered, walk away.
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