Investor Protection Guide: Advance Fee Fraud
Advance fee frauds involve victims paying money in the hope of receiving something of greater value. This type of fraud takes on a myriad of forms, but they share some characteristics in common. Defrauders will often reach out to an investor and offer to pay an exorbitant price for securities owned by the investor, even if these securities are nearly worthless. The investor is sometimes referred to a fake website that the defrauder uses to bui