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This article originally appeared on GOBankingRates.com: 6 Investment Scam Red Flags and How To Avoid Them. Show comments. Advertisement. Advertisement. In Other News. Entertainment. Entertainment.
AI-generated videos pose new threats. Last year Americans reported losing $12.5 billion in internet crimes. AI 'deepfake' videos make investment scams harder to spot as Americans lose billions
The role of AI in financial scams. Scammers can use AI technology to duplicate voices and trick people into sending money or revealing personal information by pretending to be family members, co ...
Affinity fraud is a form of investment fraud in which the fraudster preys upon members of identifiable groups, such as religious or ethnic communities, language minorities, the elderly, or professional groups. The fraudsters who promote affinity scams frequently are – or successfully pretend to be – members of the group.
The Canadian Anti-Fraud Centre (CAFC; formerly known as PhoneBusters National Call Centre) is Canada's national anti-fraud call centre and central fraud data repository. [1] It was established in January 1993 in North Bay, Ontario , and is jointly operated by the Ontario Provincial Police , Royal Canadian Mounted Police and the Competition Bureau .
Many con artists employ extra tricks to keep the victim from going to the police. A common ploy of investment scammers is to encourage a mark to use money concealed from tax authorities. The mark cannot go to the authorities without revealing that they have committed tax fraud. Many swindles involve a minor element of crime or some other misdeed.
The only thing smarter than investing your money is knowing which investment tips to follow and which are red flags to avoid. Skip to main content. Sign in. Mail. 24/7 Help. For premium support ...
Following is a list of securities frauds (also called stock frauds or investment frauds): 2003 Mutual-fund scandal: A number of major brokerages and mutual fund firms were accused of various deceptive acts that disadvantaged customers. Among them were late trading and market timing. Various SEC rules were enacted to curtail this practice. [1]