Two recent investment scams caused losses exceeding $750,000 for two individuals.
In one instance, a resident was duped out of $50,000 after watching a video falsely claiming endorsement by Elon Musk.
The scammer, posing as an investment advisor, convinced the victim to download a remote access app, resulting in the loss of funds.
In another case, a resident lost over $700,000 in a gold and Bitcoin investment scam conducted through a messaging app.
To safeguard yourself against investment fraud:
• Do not engage in unsolicited investment opportunities seen online.
• Never provide personal information online to unknown persons or companies.
• Be cautious of investments promising higher than expected rates of return. If something seems too good to be true, it probably is.
• Do not download unknown programs on your computer or allow unknown persons to access your computer.
• Ensure you are investing with a legitimate investment company. Conduct internet searches for the company and make a follow-up phone call to the company, as some fraudsters will use the name of a legitimate company
(Written by: Joseph Goden)
