There are a lot of scams out there, but the costliest ones are investment fraud. In 2022, an estimated 106,201 people in the United States were the victims of investment scams. That was an increase of 16 percent from 2021. The monetary loss was more than $6 billion.
Investment scammers claim you’ll make big returns. They generally target widows or seniors. But scammers like Bernie Madoff and Sam Bankman-Fried were generalists and took advantage of many people. But how do you avoid this, and what types of scams do these fraudsters run?
