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10 Frequent Scams Targeted At Teens
File a local police report, especially should you met the scammer in person or have a picture of them to give the police. Ponzi schemes rely on cash from new traders to pay “returns” to present investors. To hold the scheme going, the scammers must frequently recruit new investors and discourage current traders from cashing out. Otherwise, they gained’t herald enough cash to pay present traders, and the scheme will collapse. Investment scams promise excessive returns, without financial risk. Use this info to report and defend your investments. Be wary of ads and calls about free government grants. If you…