Questions tagged [business opportunity scam]

Daniela Mon Jul 08 2024 | 5 answers 1158

Could you elaborate on what constitutes a cryptocurrency investment or business opportunity scam? I've heard of numerous cases where individuals have fallen victim to such schemes, but I'm not entirely clear on the specifics. Are these scams typically characterized by false promises of significant returns? Or is it the lack of transparency or the misrepresentation of key details, such as the identity of those involved or the actual nature of the investment? I'm interested in understanding the common tactics used by scammers in this space and how investors can identify and avoid such schemes.