FRAUD PREVENTION: Investment Scams

HOW THESE SCAMS WORK:
You are contacted by a very professional sounding gentleman, who offers you the deal of a lifetime! He tells you that he is the owner of a local business in Pima County, and he is looking for investors who are interested in making some quick and easy cash. He guarantees that you will double your money with little to no risk of losing any of it. He goes on to tell you that other individuals in your area have invested, and that many of them have already received double, and in some cases, triple their initial investment! He urges and pressures you to act fast or you will miss this once-in-a-lifetime opportunity.

Unfortunately, there are no guarantees when it comes to making any investments, and anyone who tells you otherwise is likely trying to scam you. It is important to be aware that investment scams can take on many forms. Whether it is an investment in real estate, cryptocurrency, or a new local business, there will always be some risk associated with any investment.


PREVENTION TIPS:

Slow down and take your time. Scammers will often try to rush you into making hasty decisions.
Take good notes on important details such as the name of the business and what it does, who you are speaking with, phone numbers, etc.
Tell them that you will call them back after you have had the time to look into their offer. Legitimate companies are usually willing to allow you some time to come to an informed decision.
Search the internet for any reviews on the company as well as any phone numbers and names that you were given. Note any articles or posts that mention “Complaints” or “scams” when conducting your research.
Talk to trusted friends or family about the offer as they might voice questions or concerns that you have not yet considered.
The Pima County Sheriff’s Department is a great resource to help answers any questions as well.