
Phone scam | Fake Investment Opportunities
Phone scams involving fake investment opportunities occur when scammers contact people by phone and attempt to deceive them into investing money in a fraudulent business or scheme. Typically, the scammer will promise the victim high returns with little or no risk involved. They often use high-pressure tactics to get the victim to invest quickly, before they have time to research the offer. These scams can range from fake stocks, to foreign currency, to rare coins and other investments. Victims of these phone scams should never give out personal or financial information, or send money to a stranger. Instead, they should always research any investment opportunity thoroughly before making a decision.