But my friend's question was an excellent reminder of how easy it is to fall victim to investment scams, whether you're investing in your business or your nest egg.
How to spot a fake crypto investment platform: 10 red flags
Promising unrealistic returns is a classic indicator of a crypto scam. Legitimate platforms don't need to entice users with exaggerated claims like making 1 Bitcoin in just days.
New Investment Scams Use Facebook Ads, RDGA Domains, and IP Checks to Filter Victims
"Reckless Rabbit creates ads on Facebook that lead to fake news articles featuring a celebrity endorsement for the investment platform," security researchers Darby Wise, Piotr Glaska, and Laura da Rocha said.
Meta to force financial advertisers to be verified in bid to prevent celebrity scam ads targeting Australians
Meta introduces verification requirements for financial advertisers to combat rising investment scams involving fake celebrities, effective February 2025.