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Buying Shares

How the scam works:

Scammers send millions of e-mails at once, offering a very hot tip in the stock market. They give the name of a small company, whose shares are worth a few cents per piece, and they guarantee that the prices will sky-rocket in the next few days.

What they do is buy millions of shares in this company before they send the e-mail. After the recipients of the e-mail “take advantage” of the tip and buy the shares – automatically raising the value - the scammers sell all their shares at the highest point, which means the market then collapses, leaving the victims with all their hopes crashed.

How to avoid:

Don’t pay attention to any unsolicited investment advice.

Make your friends and family aware of this scam by sharing it, using the buttons provided.


TOP 3 MUST-WATCH FRAUD PREVENTION VIDEOS

Educate yourself with the videos below:

 

1. Top 5 Amazon Scams in 2020

 

2. Top 5 PayPal Scams in 2020

 

3. The Nigerian Scam [Docu-Drama]

This movie shows how a victim lost over $30,000 to an intricate scheme which is still around years later.




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