(WBBM NEWSRADIO) — A new investigative study has revealed investment scams, especially with cryptocurrency, can be like kryptonite to your life savings.
A new BBB report shows investment scams have not only surged, but have reached an all-time high, and people are suffering median losses of $6,000 compared to $1,000 just a couple of years ago.
Over 4,000 reports since 2020 have rolled in with each year increasing significantly, and this year is on track to be the highest ever.
Never invest your money in things you don’t understand; swindlers count on the confusion and complications of cryptocurrency to trick people.
Always discuss with a trusted source before making any investment.
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