5 Red Flags of a Financial Scam


Bangalore: You invest your money not only to grow it. As an investor, you may make mistakes and lose money but in such cases you gather the experience and start fresh with hew hopes but what if you fall into a money trap. In this age of high tech, everything is so easy and fast that one can easily build up an image of being authentic and bona fide. Here are few red flags which will help you determine whether your financial institution is a scamster or not, as reported by Investopedia.

1. Email From Someone You Don't Know

You might have noticed the emails dropped in your inbox, from your (unknown) Uncle Sam where he want you to inherit his property and thus asks you your account details, home address, PAN card details etc., or a mail stating that you won a huge sum of money in dollars or pounds. Ignore such mails if you do not identify the sender. This can not only be a financial trap but also can harm your computer as such mails have attachments which are mostly virus affected. On a safer side you can inform the bank or institution which these mails are referring.

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