Investment fraud finds its way into the news with such regularity the people are amazed anyone falls for these kinds of schemes anymore. They ask how millions of dollars can go unaccounted for without people asking questions. But it is not actually that simple. Unlike the famous Nigerian Prince scam, most investment scams do not involve a complete stranger asking others for money.
Michael Shawn Majeed has seen awful scams like these hur the lives and reputations of good people. But if you are educated on how these scams can affect you and what to watch out for, then you can avoid them.
How Investment Fraud Works
In order to know how to protect yourself from investment fraud, you should first know what it really is and the way criminals go about scamming others out of their investment money.
First off, investment scammers are often very cunning and great liars. When people probe into their business dealings, they already have false evidence of real monetary returns or they know how to redirect the investigating party’s suspicions.
Investment fraud in many cases is instigated by friends of investors. They tell their family and acquaintances that they can give them a great return on their investment if only they would put their money into a mining operation, or a stock exchange, or some other venture.
Because they are being asked by a friend or family member, many of these people do not stop to ask questions or to probe deeper. Instead they take the words at face value. Scammers promise returns on investments that sound too good to be true, and the investors often do not realize that it just might be.
A scammer will often take some of the money invested with them and return it to the investors as proof of return on investment. But they will never get back their full amount or the generous returns they were promised. Mike Shawn Majeed fraud specialist has worked numerous cases of investment fraud and seen firsthand the ways scammers will cheat friends and family out of their money.
How to Protect Yourself
You can keep yourself safe from investment scammers with some common sense and a little investigating of your own. Firstly, if the return on investment sounds too good to be true, it often is.
Secondly, consider who you are investing with. Do you really know that person? What is their track record? Check with others who have invested with him to see if they received just a portion of their money back or have actually seen generous returns.
Not everyone is out to get you, but you can protect yourself from the ones who are. If you are not sure about investing your money with someone, contact Michael Shawn Majeed to investigate them for you. With his years of experience he can sniff out a scammer faster that most people.
You do not have to be the victim of the latest investment scam, with a little common sense and a fraud specialist on your side. As they say, look before you leap. Investing can be a risky, expensive business, but it can be profitable if you just take some time to examine who you are investing with. Look at their track record and ask questions about things that raise red flags for you.
Remember that a real investor is not afraid to be upfront about their business dealings and is proud of their successes.