More Than 40% of Consumers Don’t Recognize Red Flags of a Scam

If you haven’t received an email by now offering you a huge sum of money in exchange for a small initial deposit or fee, you should feel a little left out.

According to “Financial Fraud and Fraud Susceptibility in the United States,” a new report from the FINRA Investor Education Foundation, 67 percent of consumers have received this type of email.

Another 36 percent have received a letter that says they’ve won a lottery in a country they’ve never visited.

The survey found that all told, more than 8 in 10 consumers have been asked to participate in a potentially fraudulent offer.

FINRA found that more than 40 percent of the people surveyed failed to recognize some of the signs of a fraudulent offer. Full Article

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