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Investment scams are deceptive strategies used to rob people of their money. These scams promise high returns with little to no risk involved. The scammer usually comes across as highly knowledgeable and trustworthy. They may claim to have insider information or a foolproof system that guarantees profits. Typically, the scammer asks the victim to invest a large sum of money. They promise that the investment will double or triple in a short period of time. Once the victim transfers the money, the scammer disappears. The victim is left with no way to recover their lost funds. Common types of investment scams include Ponzi schemes, pyramid schemes, and pump and dump schemes. In Ponzi and pyramid schemes, the scammer pays returns to earlier investors using money from new investors. In pump and dump schemes, scammers inflate the price of a stock to attract investors. Once the price is high enough, they sell their shares and the price plummets. To protect yourself from investment scams, be wary of investments that sound too good to be true. Always research before investing and consider seeking advice from a financial advisor. Remember, if something sounds too good to be true, it probably is.