The USCRTC believes knowledge is the key to protection from most forms of fraud. We always suggest you transact any business through registered agents. Below are a few steps to help protect yourself from fraud:
1. Ask questions before you send payment or sign contracts.
2. Always use an escrow agent to protect your money.
3. Never send cash or checks to purchase securities.
4. Check online for fraud reports.
5. Report suspected fraudulent activities.
If you have any questions or concerns about any type of securities offer, please contact us and we will be glad to help you ensure the transaction is legitimate.
This type of scam has been around for years. A person is called and offered an investment that guarantees tremendous returns. Once a person invests, the stock price plummets or they are offered endless “up sells” and never receive a dime. While cold calling is illegal in the US, this still remains one of the biggest scams to target consumers. If you receive a call promising an offer that sounds too good to be true, stop, think, and verify all information before you make any payment.
One of the latest online scams is the HYIP or High Yield Investment Program. These are more modern versions of the classic pyramid scheme and while some investors do receive some payments, no one ever gets their original investment back and no one ever receives any of the high returns promised. Just remember, if a person has an investment opportunity that pays a 3 to 5 percent return per day, why would they need you to invest? These outrageous payouts attract many people each day thinking they will get rich quick. In the end, most just lose their hard earned money.
