Are there a lot of investment scams out there? What are some?

Question

typical things an investment scam will usually be like?

Answer 1

<<<Are there a lot of investment scams out there?>>>

Yes

<<<What are some?>>>

Ponzi schemes

Pyramid schemes

"Pump and dump" schemes

Chain letters

Some people would also include

Multi-level marketing (MLM) schemes

Charging thousands of dollars for a class that teaches you something you could have learned by reading one or two books.

<<<What are some typical things an investment scam will usually be like?>>>

o Promises of unrealisticly high returns

o Giving examples of some high returns without disclosing losses

o High-pressure salesmanship, including offering a "discount" if you sign up early

o Implications they will teach you "the secret" to successful investing

o Stress on the simplicity of their product