The cons also use widespread affinity fraud approaches, purposefully focusing on those with specific political and spiritual beliefs. These fraudulent metals dealers infiltrate social websites teams, and target advertising and marketing to accessibility subscribers or follower lists.
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In the last ten years, the CFTC has brought various instances against fraudulent precious metals dealers alleging they collectively bought in excess of $five hundred million of overpriced metals to victims.
Signs of Fraudulent Gross sales Pitches: Be careful of profits pitches that capitalize on community news, use higher-force methods, or guarantee assured returns. Scammers normally pose as reputable sellers or experts to gain trust.
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