find scams
as seen onABCBBCCNETFOXCBSFOX BUSINESSCTVGLOBAL TVKIPLINGERBreakfast TV

Investments Loss Aftermath

How the scam works:

With the promise of making money quick and legal, people get lured into all kinds of investments and Ponzi schemes. Most of these kinds of schemes fail, making for thousands of victims all over the world.

This scam occurs a while after the victims are acknowledging their initial investment's loss. They get approached by a fake SIPC (Securities Investor Protection Corp.) representative, who informs them that the funds are in the process of being recovered. SIPC is a US federally mandated corporation that backs investments by ensuring that the victims receive the money and securities held by failed brokerage firms.

Scammers claim to be SIPC officials when they get their hands, one way or another, on a list with investment victims. This way, they’ll get the victims to pay an up-front “processing” fee, along with sending a filled-out form with all the personal information!

How to avoid:

SIPC never requires an up-front fee. Also, they have all your information available from the failed brokerage firm’s files. If in doubt, contact SIPC directly.

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


visit dracula castle transylvania



Add Your Comment


Editor's Choice

cryptocurrency scam recover

Argentina travel packages 2019

submit a scam button

 

Scam Detector Gives Back To The Community

Scam Detector recently partnered with Travel by Dart, an inspirational web-series where two friends blindfoldedly throw a dart at the world map and travel wherever it lands, with the purpose of helping the land or the people. Click HERE or on the image below to watch the trailer of the series!