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An investment scam is a fraudulent scheme. It aims at conning individuals into parting with their money. Often, it promises high returns with little to no risk. Scammers play on the victim's desire to make quick financial gains. They use persuasive and manipulative tactics. A common method is the "pump and dump". Scammers hype a cheap, low-value stock to inflate its price. Once the price is inflated, they sell their shares. This causes the stock price to plummet, and the investors lose their money. Scammers might also pose as reputable investment professionals. They create fake companies and websites to appear legitimate. Identity theft is another tool in their arsenal. They use the victim's personal information to deplete their accounts or open new ones. Impact of such scams can be financially devastating. People lose their life savings, retirement funds, and more. These scams can be hard to recover from, both financially and emotionally.