Fraud Alert

What are the most common types of fraud or scams?

  • Guarantee High Yield 
  • Ponzi or Pyramid 
  • Risky Oil and Gas Drilling  
  • Cryptocurrency 
  • IRS Scam
  • Jury Duty Scam
  • Catfish or Sweetheart Scam

How can you protect yourself? 

  • Find out if they are a licensed securities professional 
  • Check them out with the SEC 
  • Never verify information via e-mail
  • Seek help from people you trust 
  • Report fraud 
  • Don’t answer calls from unknown numbers 
  • Don’t interact with unknown callers, just hangup 
  • Don’t connect to free wi-fi
  • Don’t use the same password for everything 
  • Don’t create a document called “Passwords”
  • Don’t click on links that look strange 
  • Don’t allow strangers access to your devices

What are some red flags?

  • Guaranteed to double your money 
  • Limited time offer, must act fast
  • Little known loop hole 
  • Low risk and high reward

 

Source:  Nick Vonderau, Marketing Specialist, Alabama Securities Commission, Caregiver College Presentation, 21 June 2019

79083460-58b0-11e9-9912-078b03558ff2-rimg-w1200-h600-gmir.jpg