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Investment scams are deceptive strategies used to trick people into making bad investments. These scams often promise high returns with little risk. Scammers may use persuasive tactics to create a sense of urgency. They may also use complex jargon to confuse potential victims. Commonly, scammers will establish a sense of trust with their victims. They might present themselves as experienced investors or financial advisors. In some cases, they may even use fake testimonials or fabricated success stories to seem more credible. A common tactic is the "pump and dump" scheme. Here, scammers inflate the price of a stock they own by spreading false information. Once the price is high enough, they sell their shares and the price crashes, leaving victims with worthless investments.