Tuesday, January 31, 2023

Scammers Weekly: The signs of investment scams

(WYDaily/Courtesy of AARP)
(WYDaily/Courtesy of AARP)

WYDaily has collaborated with AARP to raise awareness about scams people need to watch out for.

A scam will be featured every Wednesday, so be sure to always check WYDaily.com and be in the know.

Here’s this week’s edition:

The process of investing your money is easier than ever these days.

The Internet and airwaves, and the occasional free lunch seminars, are full of innovative new can’t-miss investment opportunities that just need one thing: your money, and fast.

When confronted with such an offer, take a deep breath, and avoid making a decision in a heightened emotional state.

Take the time to check out the credentials and history of the adviser pitching the investment at brokercheck.finra.org, and check out the investment at investor.gov. If an investment isn’t registered, that’s a red flag it could be a scam.

Visit the AARP Fraud Watch Network by clicking here or call the AARP Fraud Watch Network Helpline at 877-908-3360 to report a scam or get help if you’ve fallen victim.

Keep up with Scammers Weekly:

Other stories you might want to consider:

John Mangalonzo
John Mangalonzohttp://wydaily.com
John Mangalonzo (john@localdailymedia.com) is the managing editor of Local Voice Media’s Virginia papers – WYDaily (Williamsburg), Southside Daily (Virginia Beach) and HNNDaily (Hampton-Newport News). Before coming to Local Voice, John was the senior content editor of The Bellingham Herald, a McClatchy newspaper in Washington state. Previously, he served as city editor/content strategist for USA Today Network newsrooms in St. George and Cedar City, Utah. John started his professional journalism career shortly after graduating from Lyceum of The Philippines University in 1990. As a rookie reporter for a national newspaper in Manila that year, John was assigned to cover four of the most dangerous cities in Metro Manila. Later that year, John was transferred to cover the Philippine National Police and Armed Forces of the Philippines. He spent the latter part of 1990 to early 1992 embedded with troopers in the southern Philippines as they fought with communist rebels and Muslim extremists. His U.S. journalism career includes reporting and editing stints for newspapers and other media outlets in New York City, California, Texas, Iowa, Utah, Colorado and Washington state.

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