The Supreme Court has reiterated that investors must play their part by exercising vigilance and skepticism when evaluating investment opportunities, such as checking the credibility of individuals or entities who approached them to invest in any investment scheme or investment opportunities advertised on social media and Whatsapp chats.
Resource Materials & Blog
Chargebacking is an investigative funds recovery agency that aims to equip you with the best consultants in the market in order to retrieve your money from a scam artist. We are aware that numerous individuals have been scammed out of large sums of money and we are here to fight the battle with you. Our experts gather together to review, analyze, and investigate details to track and catch the company that scammed you. There are a lot of resources, like research and case studies, that we can provide and we’ve shared some of them below.
Investment scammers would be less successful, according to Friedrich Rappard, chief information officer at Momentum Investment, if people remembered a simple golden rule: investing is a long-term game. “I’m afraid investments will not make you rich quickly,” Rappard said. “It’s important to remember that a good investment strategy should last for years, if not decades.” If someone promises to double your money in three months, you should be wary and question their motives.”
According to Jonathan Merry of Banklesstimes.com, who commented on the data, “the number of victims is decreasing.” The restoration of normalcy after Covid-19 might be a factor.” He went further to hint that retailers might also be heightening their alertness. “Retailers are also cautious, making it difficult for fraudsters to carry out their schemes.”
The fraudster persuaded her to transfer her investments to a site under his control. Soe would make a total of nine transactions over several months, including bank loans and money borrowed from friends, in the hopes of using her earnings to start a small business. But Soe would soon discover that the LinkedIn connection she made wasn’t who he claimed to be. She eventually lost all of her money.
Since 2003, Javelin Strategy & Research has published annual studies on identity fraud. In recent years, the number of victims has tended to range between 10 and 15 million.
Are you an elderly person with savings? Do you own a house or any other property? Then keep an eye out for scammers who want to steal your money by duping you. Because they have savings and other assets, older adults are common targets for investment scams
In 2021, online scams remained the most dangerous scams for consumers, accounting for nearly 37% of all frauds reported to the Better Business Bureau (BBB) Scam Tracker. Almost seventy-five percent of those who reported online frauds indicated they had lost money.
Seth Green was duped out of four NFTs earlier this month, including a $200,000 Bored Ape Yacht Club NFT. Green’s money isn’t the only thing on the line. The cartoon ape was supposed to star in a sitcom Green is producing, but because IP rights to the cartoon ape are conditional on owning the NFT, it’s unclear whether Green will be able to go ahead with the sitcom.
Someone may ask you to pay for anything with a gift card, such as a Google Play or iTunes card, and then provide them with the numbers on the back of the card. They’re attempting to con you if they ask you to do this. No legit company or govt agency will ever require you to pay using a gift card.
Scams must be executed deftly and convincingly. They should also be practical for the trader. The Forex robot is the most recent addition to the Forex scam market, and it is a classic illustration of claims of fast money. Forex Robots are designed to produce money while you sleep, making them a great target for scammers.