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An investment scam is a deceptive practice. It tricks people into investing money with the promise of high returns. This kind of trick is usually done by fraudsters. They can be individuals or companies. They often use persuasive tactics. These can include promises of quick wealth or insider information. Some even pretend to be successful investors themselves. The goal is to convince people to hand over their money. In reality, the scammer often has no intention of investing the money. They take the funds for their own use. The promised returns are never delivered. Investment scams can take many forms. You might hear of Ponzi schemes or pyramid schemes. These are both types of investment scams. They rely on money from new investors to pay returns to earlier investors. It's important to be wary of any investment that sounds too good to be true. Always do your own research. Make sure the person or company you are dealing with is legitimate. It's also a good idea to seek independent financial advice before making any investment decisions.