Welcome to our latest episode, where we're diving into the world of investment scams. Our guest today, Jason, was scammed out of around 20K and is here to share his story. Jason has kept quiet about his experience until now, but he's decided to speak out to protect others from falling victim to these professional-looking websites and cold calls. Jason's story is a reminder to always be vigilant and only invest your money with proper research. So, if you have a grandparent, make sure they listen to this episode too and know the dangers of investment scams. Then, join us as we learn from Jason's experience and learn how to protect ourselves from being scammed.
It is difficult to say precisely how many people fall victim to investment scams, as many victims may not report the incident or be unaware that they have been scammed. However, it is estimated that billions of dollars are lost yearly to investment fraud. The elderly and those with limited financial literacy are particularly vulnerable to investment scams. Additionally, the internet and social media have made it easier for scammers to reach a wider audience and carry out their schemes. Therefore, staying vigilant and conducting the proper research before investing your money is important.