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Investment scams trick people into making fraudulent investments. Scammers make grandiose promises of high returns with low risk. They use persuasive tactics, painting a picture of a golden opportunity that one cannot miss. These scams sometimes involve exotic or obscure investment products. Scammers tout them as the 'next big thing'. They create urgency with limited time offers to push the victim into investing without proper research. Often, scammers show fake testimonials and credentials. They pretend to be professional investment advisors or part of reputable firms. Misleading information and complicated jargon are frequently used to confuse victims. In Ponzi or pyramid schemes, returns for earlier investors are paid from the funds of new investors. When new investments dry up, the whole scheme collapses leaving investors with significant losses. These scams can happen online, over the phone, or even in person. The approach varies, but the goal is always the same; to trick people out of their money.