Advance Fees – Resources (Categories) Review the following resources to better understand how Bad Actors exploit consumers and investors. (SEC) – Advance Fee Fraud – https://www.investor.gov/protect-your-investments/fraud/types-fraud/advance-fee-fraud (SEC) – Updated Investor Alert: Be on the Lookout for Advance Fee Fraud – https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/updated-2 (SEC) – SEC Obtains Summary Judgment Win in Prime Bank Scheme Case. Judge Orders […]
Category: Advance Fees
Advance Fee Fraud is a type of scam where individuals are persuaded to pay an upfront fee with the promise of receiving a larger sum of money or valuable goods in return. Typically, the fraudster claims that the fee is necessary to unlock funds, secure a loan, or facilitate a lucrative investment opportunity. Once the victim pays the initial fee, the scammer often invents additional fees or obstacles, ultimately disappearing with the victim’s money without delivering any promised returns. This deceptive scheme preys on the victim’s hopes and trust, making it crucial to be cautious of offers that seem too good to be true.