Having savings, you always want to increase them, not just deposit them in a bank and wait for interest, but you want to invest them and receive a decent profit, so people look for financial consultants who can explain how to multiply savings or where it would be profitable to invest them.
Financial Fraud Consultant
Honest financial consultants:
- always provide advice;
- explain the essence of investments;
- and also the process of making a profit.
Mostly, these are long-term investments with a constant average income. At the same time, there are scammers posing as consultants in the financial sphere. Using the function of investment fraud, con artists promise very high profits from fake investment projects or draw the client into a financial pyramid by involving their funds, which will not be returned in the future, as the scammer will simply steal them.
Fake Investment Consultants
Scammers posing as investment consultants initially advertise their services by placing ads on social networks and websites:
- about profitable investments;
- earnings on cryptocurrencies;
- information containing details about very profitable investment offers;
- about guarantees of quick earnings on cryptocurrency platforms.
To lure investors, scammers use fake website pages, posting deceptive reviews on them.
Fake Financial Experts
In their illegal activities, fake financial experts use social engineering - this allows them to manipulate people to obtain confidential information or access to financial accounts and social networks.
They may pose as professional experts in the field of investments, promising to handle all complex investment issues and demand immediate compliance with their requests, using psychological pressure, supposedly not to miss promotional offers on financial platforms. By manipulating people, such fake financial experts convince the victim that they have insider information and know the most lucrative investment offers available on the internet.
Fraud in Financial Consulting
Consulting is a type of activity that studies market structures, its trends, prices, and the process of changes.
Consulting services allow for the evaluation of the financial efficiency of organizations and the search for appropriate ways to improve it:
A financial consultant in consulting is authorized to address issues:
- of selecting a tax system;
- insurance;
- assess possible risks;
- perform planning of current financial flows.
These issues are handled by consulting companies, sometimes private experts. Often scammers present themselves as private specialists in consulting issues and offer their fake services for consulting in the field of finance, technology, legal and expert activities, allowing to solve arising problems.
Investment Scammers
The goal of scammers is their own enrichment at the expense of deceiving investors, so they are often found on cryptocurrency exchanges or platforms. They provide outsourced, financial, consulting and marketing, i.e., advertising services, posing as successful businessmen or company executives who have long been working in the cryptocurrency market.
To attract people, scammers send out job ads, offering to work as managers in various directions and promise easy work and high income to clients. They promise that they will sell services or consult clients from an existing base, no work experience required.
Investment Schemes
Scammers engaged in cryptocurrency theft and posing as specialists lure clients:
- with offers to invest finances in exchange investments;
- talk about the existence of a base of people who allegedly invested in cryptocurrency and received a good income;
- often call investors, offering to make monetary contributions to increase future profits.
Pseudo-Financial Analysts
Pseudo-financial analysts are scammers who gain the trust of naive users of financial platforms who have no experience earning, for example, on cryptocurrency exchanges, and offer cooperation in consulting on investment deposit issues, easily manipulating the victim, forcing them to make deposits on fake financial platforms. After that, the money goes straight into the scammer's pocket.
Investment Fraud
Investment fraud can be recognized by paying attention to certain factors, scammers often repeat the same phrases that contain information that:
- it is possible to receive a small reward within 20 minutes;
- pay a small amount to receive the appropriate materials or documents;
- make a minimum contribution to receive fivefold profits;
- promise easy work from home and high profits with low workload;
- offer to communicate in private messages about work;
- lure with earnings without investments and offer to follow sent links.