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An investment scam is a deceptive practice. It tricks people into investing money based on false information. Scammers promise high returns, often with little or no risk. The truth is, they use your money for their own benefit. Such scams come in many forms. Ponzi schemes are one type. Here, scammers use money from new investors to pay off earlier ones. This creates the illusion of a profitable investment. But these schemes collapse when there are not enough new investors. Another type is boiler room scams. Scammers cold-call people and pressure them to invest in non-existent or worthless shares. Be wary of unsolicited investment offers, especially those promising quick, high returns. It's important to do your own research before investing. If something sounds too good to be true, it probably is! Remember, all investments come with some risk. Legitimate investments never guarantee high returns with no risk.