Too good to be true? How to spot investment fraud.

It has happened to us all. We invest money with the best intentions only to discover, we made a huge mistake.
There is a saying in the investment world that if something is too good to be true, it probably is. The tricky part for investors is to understand what "too good" means. Looking at the history of financial deception, swindlers tend to focus on types of scams and follow certain patterns of behavior.

        GET RICH QUICK APPROACH

Scam artists play off the emotional desire for people to solve their financial problems by offering them an oppourtunity to make an extraordinary amount of money in a short time period.

        PROMISES OF A GUARANTEED HIGH 
                           RETURN

This is also probably a sign of possible deception. Ask yourself a question, if there was really a chance to make 3000% return in a short period, why would the person show you the investment and also share it with you, a total stranger.
In any case,Iraqi currency scam had all warning signs of a fraud. Guarantees of a riduculiously high short-term return, no documentation, and marketed via an affinity with a church.

   Thanks so much for reading, please do try to be extra careful. Thank you steemit for this platform.

Gotten from forbes.