Common Types of Online Scams
Be aware of these prevalent online scams to protect yourself and your assets.
Forex Scams
Fraudulent schemes in foreign exchange markets. Often involve promises of high returns with little risk, using fake trading platforms or manipulated data.
Binary Option Scams
Deceptive investment schemes where victims are lured by false promises of quick, high-yield returns on simple yes/no market predictions.
Cryptocurrency Scams
Includes fake ICOs, pump-and-dump schemes, and phishing attempts targeting crypto wallets. Often exploit the complexity and anonymity of cryptocurrencies.
Romance Scams
Fraudsters create fake online personas to build romantic relationships, then exploit victims emotionally and financially.
Multi-Level Marketing (MLM) Scams
Pyramid schemes disguised as legitimate businesses, focusing more on recruitment than actual product sales. Most participants lose money.
Ponzi Schemes
Investment frauds that pay existing investors with funds from new investors, creating the illusion of profits until the scheme collapses.
Online Shopping Scams
Fake online stores or marketplace listings that collect payments but never deliver goods, often offering deals too good to be true.
Phishing Scams
Attempts to trick individuals into revealing sensitive information like passwords or credit card details through fake emails, websites, or messages.
Tech Support Scams
Fraudsters pose as tech support agents, claiming to fix non-existent computer issues while stealing personal information or money.