There are several types of Bonds Investment Scams. High-yield trading programs often claim that the money invested will be used to support humanitarian or infrastructure development projects. Such schemes may be operated offshore or through mobile phone numbers. They may also promise investors a high return on their investment, but they don’t exist. Moreover, there are no rules about these programs, even if they are authorised by a reputable company.
A common Bonds Investment Scam is the advance fee scam. The advance fee scheme plays on the investor’s desire to reverse a bad investment. The scam usually begins with an offer to purchase a worthless stock for a large amount of money. However, the victim is never paid a dime from the deal. These scammers can use their victims’ fear to get them to invest in a low-risk investment.
The Bureau of Fiscal Service warns that historical bonds are a prime example of a Bonds Investment Scam. They say that such investments have a high return potential and are therefore a high risk investment. Unfortunately, historical bonds are susceptible to these types of scams. Scammers who promote them often use third-party valuations that are overinflated or bogus. Typically, these valuations falsely assume a gold redemption obligation.