![]() To protect your privacy and the privacy of other people, please do not include personal information. The comments posted on this blog become part of the public domain. We don't edit comments to remove objectionable content, so please ensure that your comment contains none of the above. To file a detailed report about a scam, go to. We won’t post comments that include personal information, like Social Security numbers, account numbers, home addresses, and email addresses.We won’t post threats, defamatory statements, or suggestions or encouragement of illegal activity.We won’t post comments that include vulgar messages, personal attacks by name, or offensive terms that target specific people or groups. ![]() We won’t post off-topic comments, repeated identical comments, or comments that include sales pitches or promotions.We expect commenters to treat each other and the blog writers with respect. We review all comments before they are posted, and we won’t post comments that don’t comply with our commenting policy. But keep in mind, this is a moderated blog. Your thoughts, ideas, and concerns are welcome, and we encourage comments. The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. Spot a business opportunity or investment scam? Tell the FTC at. If you need help making investment decisions while avoiding fraud, visit. It pays to search online for the company or person’s name with the words “review,” “scam,” or “complaint.” Find out how the investment works and where your money is going. Or, if you’re a group moderator, remove anyone offering advice or “help” with investing to prevent scams. Ask online group moderators to remove people pushing investments.And those testimonials or photos from people who supposedly made it big? Those are easily faked. No one can guarantee you’ll make lots of money with little to no risk. Don’t believe promises that you’ll make money, get a big payout, or earn guaranteed returns.They exploit these relationships and pitch can’t-miss investment scams. To build trust, scammers often use common bonds - like shared language or culture. In truth, there was no investment and what little scammers paid out was money they stole from new investors. ![]() At first, scammers shipped products and paid out some investors, leading people to sink more money into the scheme. And, as a thank you for investing, investors got to keep the products for free. In exchange, scammers promised to return investors’ money in 1-3 months. To invest, people agreed to over-pay upfront - as much as three times the retail price - to buy items like iPhones, laptops, and furniture. Using WeChat groups, scammers heavily promoted the investment with pictures and stories about supposed successful investors. A flurry of social media posts urged people to “invest” in various household goods and electronics, promising returns of 20-40% in 1-3 months.
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