Home » How To Avoid Scams When Investing – Zorayr Manukyan Answers

How To Avoid Scams When Investing – Zorayr Manukyan Answers

How To Avoid Scams When Investing - Zorayr Manukyan Answers

It’s critical to be conscious of the risk of fraud when investing your hard-earned capital. Projects involving investments can take many shapes, from guarantees of great returns with minimal risk to convoluted financial schemes that are challenging to comprehend. Here Zorayr Manukyan discusses all the types of fraud schemes involved in investment to help you avoid falling for one.

Fraud Schemes In Investment As per Zorayr Manukyan

Ponzi Plans

One of the most popular types of financial fraud is a Ponzi scheme, in which funds from new investors are used to pay dividends or payments to previous investors rather than being invested in the underlying securities. These schemes depend on a steady stream of fresh investments to survive, falling apart when this flow stops.

Ponzi schemes frequently offer extremely large returns, which can end up making them challenging to avoid. However, Zorayr Manukyan stresses that it’s crucial to remember that, generally speaking, if anything seems too appealing to be true, it usually is.

Advance Fee Scams

Advance fee frauds guarantee a sizable amount of cash in return for an initial payment often made to pay “fees” or “taxes,” as the name implies. These frauds are against the law, and the victims frequently lose tens of thousands of bucks without anything to show for it.

It’s essential to be conscious of these frauds since, regrettably, they are growing increasingly prevalent. It’s probably a scam if you’ve ever been requested to pay in advance for an item that is supposed to arrive afterward.

Pyramid Ploys

Like Ponzi scams, pyramid schemes rely on fresh investments to continue operating. In contrast, participants in a pyramid scheme profit from their investments by bringing in new participants.

Intensive Sales Techniques

Avoid anyone trying to get you to make an investment decision immediately without giving you a chance to consider it or conduct your own research. As per Zorayr Manukyan, scammers frequently employ high-pressure sales techniques because they know that you might decide against taking the next step if you give anything some serious thought.

Programs For High-Yield Investment (HYIPs)

Investment plans known as HYIPs promise abnormally large returns, frequently with little to no risk. HYIPs are frequently little more than frauds, and authorities have shut down numerous of them for scamming investors.

Prime Bank Programs

The “hidden” world of high money is allegedly open to investors through prime bank programs, where they can make enormous returns with minimal risk. In actuality, these frauds are all these scams, and most participants wind up losing everything they invested.

One can ensure that one does not fall for such schemes by doing due diligence regarding any investment venture. It is a rookie mistake to invest in anything without conducting thorough research on the other party.

Conclusion By Zorayr Manukyan

When considering an investment, make sure to complete your research and stay away from deals that appear too appealing to be true. In Zorayr Manukyan’s opinion, such ventures are not worth the danger.