Financial scams cost Americans billions every year. They target everyone—young, old, rich, poor. Knowing the warning signs is your best defense.
The Universal Red Flags
Watch Out
If you see ANY of these, stop immediately:
- Urgency: "Act now or lose this opportunity!"
- Secrecy: "Don't tell anyone about this"
- Unusual payment: Gift cards, wire transfers, cryptocurrency
- Too good to be true: Guaranteed high returns, free money
- Pressure: Won't let you think, research, or consult others
Common Scams to Know
The "Wrong Number" Text
Someone texts you "accidentally," becomes friendly, then eventually pitches an investment opportunity or romance scam.
The IRS/Government Call
No government agency will call demanding immediate payment, especially via gift cards.
The Job Offer Scam
You're hired for a "job," sent a check, and asked to buy supplies and send back extra money. The check bounces.
The Romance Scam
Someone online develops a relationship over weeks/months, then has a financial emergency.
The Investment Scam
Guaranteed returns, secret strategies, pressure to invest quickly.
Protect Yourself
Do This
- Verify independently (look up the real phone number, not the one they gave you)
- Take your time—legitimate offers don't expire in 24 hours
- Discuss with someone you trust before sending money
- Google "[company name] + scam" before engaging
Avoid This
- Never pay with gift cards, wire transfers, or crypto for anything legitimate
- Never give remote access to your computer
- Never share passwords, PINs, or 2FA codes
If You've Been Scammed
- Stop all contact with the scammer
- Contact your or immediately
- Report to FTC at reportfraud.ftc.gov
- Freeze your credit if identity info was shared
Pro Tip
There's no shame in being scammed. Con artists are professionals. Report it and help protect others.