Released by the Better Business Bureau of Central East Texas:
Falling victim to a fraudulent investment scheme can mean losing anywhere from a few hundred dollars to your entire life savings. Investment scams and schemers are getting more sophisticated, and each year, investors lose millions of dollars to securities fraud.
“It’s becoming increasingly difficult to recognize investment scams. By using real-life situations, creating fake copies of the websites of legitimate businesses, and sharpening their skills to outwit even savvy investor, scammers make it increasingly difficult to recognize investment scams”, said Mechele Agbayani Mills, President and CEO of BBB Serving Central East Texas.