How Can You Detect An Investment Scammer like Attilio Perna
Numerous people lose millions of dollars all because of investment scams each year. As the internet and allied digital communications advance, at the same time, such scams are becoming more and more common and harder to detect.
Thankfully there are numerous warning signs that you can look for to avoid being a victim of such scammers and the likes of Tairs Worldwide.
What are investment scams?
The term investment scam can refer to scams that aim at getting hands-on people’s money without making them suspicious of any such scam. They can seem to be perfectly knowledgeable and legitimate at first glance, having proper marketing material, websites, and testimonials.
The most prevalent type of such scam is called a Ponzi Scheme, here money is collected from the new investors to pay to the previous investors. This collected sum eventually becomes less than what is owed thus crippling the scheme. The most common thing among investment scams is that they offer a very high level of interest rates with relatively little risk.
Spotting an investment scam -
- It is imperative that you are familiar with the warning signs to tell that an investment opportunity is a scam:
- When the firm doesn’t allow you to give them a callback.
- In cases where you are pressed to make a quick judgment or decision.
- When you are offered a suspiciously high return on your investment and are told that the risk is minimum.
- Unsolicited ways of approaching you like text messages, phone calls, or even a person knocking at your door itself.
Protecting yourself from such scams -
1. Always keep a check on the FCA register of the regulated companies or check the FCA warning list.
2. If thinking about the financial opportunity, you can get independent financial advice from an FCA-regulated firm in that case.
3. Reject any type of unsolicited calls, text messages, emails, or visitors to your door. They can be big fraudsters like Attilio Perna.