Investment Scams

Investment Scams

Investment Scams involving cryptocurrency

At BayRock, we’re committed to helping you protect your assets. One way we do that is by raising awareness of the increase in fraudulent investment schemes (“scams”) involving cryptocurrencies and digital assets. While investing involves taking some risks, being scammed shouldn’t be one of them.

What do Investment Scams look like?

Investment scams target investors by promising quick, guaranteed returns. Although “investment sales pitches” vary, using fraudulent cryptocurrency investment opportunities to entice targets is a common approach.

Investment Scam

Once targeted investors indicate interest, they are often instructed to wire funds abroad or to a third party’s personal account, or to transfer cryptocurrency. Fake websites and/or applications often create the illusion of a legitimate trading or investment platform and gain trust. However, once funds have been transferred, they are difficult to trace and retrieve.

Investment Scams 5 Red Flags

  • “Guaranteed” high investment returns, supposedly with little or no risk, and sounding too good to be true.

  • Unlicensed or unregistered sellers. Use Investor.gov to check out the background of anyone offering you an investment in securities.

  • Skyrocketing account values. Investments that appear to rapidly increase in value are often fake.

  • Fake testimonials. Investment Scams or Scammers often pay people to provide fake reviews, so never rely solely on testimonials in making an investment decision.

  • Fake contacts. Take caution if someone approaches you through social media with an investment opportunity. Pretending to be a friend or to have a mutual acquaintance is a common tactic used to gain trust.

Schwab Investor Resources

Set up your account alerts to always get notified when activity occurs in your account.

For more security tools and steps you can take, visit our SchwabSafe® to view our latest resources and learn more about how you can safeguard your personal information and assets. And while you’re at it, check out Schwab’s Security Knowledge Center.

Missional Money Podcast Sponsored by BayRock

BayRock News and Articles

Covered Call Option Strategy
Investment Strategies

Covered Call Strategy

Covered Call Option Strategy is an options trading approach commonly used by investors who own stock and want to generate additional income from their holdings.

XOM Covered Call Strategy
Investment Strategies

XOM Covered Call Strategy

XOM Covered Call Strategy allows us to generate consistent income through option premiums while still holding XOM for its consistent dividend payouts, providing a reliable stream of passive income.

Financial Planning

Document Vault

Document Vault is a secure, digital storage solution designed to centralize your financial documents. Your latest tax returns or life insurance policies, the Document Vault ensures these documents are protected and easily accessible.

IMPORTANT DISCLOSURE:

Investment Advice and Financial Planning are offered through BayRock Financial, L.L.C., a Registered Investment Advisor. BayRock does not provide tax or legal advice. The information presented here is not specific to any individual’s personal financial circumstances. To the extent that this material concerns tax matters or legal issues, it is not intended to be used, and cannot be used, by any investor or taxpayer for the purpose of avoiding penalties that may be imposed by law. Each investor should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes only. This content is based on publicly available information from sources believed to be reliable. BayRock Financial, L.L.C. cannot assure the accuracy or completeness of these materials and this information can change at any time and without notice. Use this material only as general guide to further discussion with your Certified Financial Planner™ professional and/or other Financial Advisor(s).