Spotting Financial Scams Before It’s Too Late

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Almost every week every week we hear about a financial scam. The following may be useful. Always look for tell tale signs, such as:

  • Urgency

  • Secrecy

  • Fantasy

Spot a scam before it costs you

Many scams don't look like scams—they masquerade as relationships. So how can you tell when something may not be what you think it is?

Watch for these tell-tale behaviors:

  • Urgency that feels like pressure.

  • Secrecy that insists on silence.

  • Fantasy that seems too good to be true.

Once you know the pattern, it's easier to pause before it costs you. Romance scams may feel like love. Investment scams may feel like a partnership—but taking a moment to slow down can make all the difference. It should never feel rushed, hidden or too good to be true.

Thanks to our friends at UBS Financial Advisor for the above helpful information. For more information contact your financial advisor or attorney.