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Social media is full of scammers promising guaranteed returns on investment, and consumers lost billions of dollars to them last year. Troy Gochenour, 50, of Columbus, Ohio, was conned out of ...
Promises of high investment returns, with little or no risk, are classic warning signs of fraud. Consider Reporting, Deleting and Blocking Unsolicited Messages from Senders You Don't Know
An investment opportunity that asks you to recruit other investors, such as a Ponzi or pyramid scheme, is typically a red flag. Be wary of investments that promise high returns with little risk.
He was charged with fraud and forgery by Toronto police but was not convicted, since the Canadian courts lacked adequate trial time to give him a trial. The following year, he was arrested again and charged with fraud in a similar print investment scheme that netted $9 million. In 2018, he was convicted for fraud and sentenced to eight years.
Paul Burks ran Zeek Rewards, an "investment opportunity" that promised investors returns by sharing in the profits of Zeekler, a penny auction website. Money invested in Zeek Rewards earned returns of 1.5% per day. Investors were encouraged to let their gains compound and to recruit new members into a "forced matrix" to increase their returns.
A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: 杀猪盘), translated as killing pig game) [1] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
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