What is the investment and get-rich-quick scam?
Investment and get-rich-quick scams are schemes that promise fast, reliable, or “guaranteed” profits with little or no risk. They often claim to use special knowledge, insider access, advanced technology, or exclusive opportunities to generate returns that regular investors supposedly can’t. In reality, the profits are fake, heavily exaggerated, or paid using money from newer victims until the scheme collapses or the scammer disappears.
How this scam usually works
These scams typically start with an attractive offer shared through social media, messaging apps, dating platforms, email, or word of mouth. The scammer builds credibility by showing screenshots of profits, testimonials, or professional-looking dashboards, then pressures the victim to act quickly before the “opportunity” expires. Once money is sent—often via crypto, wire transfer, or payment apps—victims may see fake account balances grow but are blocked, charged fees, or ignored when they try to withdraw their funds.
How to protect yourself
Be skeptical of any investment that promises guaranteed, consistent, or unusually high returns, especially if there is pressure to act quickly or keep the opportunity secret. Legitimate investments always involve risk and do not require urgency, private messaging, or moving conversations off reputable platforms. Take time to research the investment independently and talk with a trusted financial professional before sending money.
What to do if you’ve been affected
If you believe you’ve fallen victim to an investment or get-rich-quick scam, stop sending money immediately and save all communications, receipts, and transaction records. Contact your bank or payment provider as soon as possible, and report the scam to the FTC at ReportFraud.ftc.gov. Many people are targeted by these scams, and reporting helps protect others and may improve recovery options.