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Common scams to watch out for in 2026
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Advance Tax Fee Scam
An advance fee tax scam involves fraudsters posing as tax officials or agencies, claiming you're owed a large refund or prize. To release the funds, they demand an upfront "processing" or "tax" fee. Once paid, the scammer disappears. These scams exploit urgency and fear, often targeting vulnerable individuals.
01
Frozen Withdrawal Scam
A withdrawal frozen scam occurs when scammers block access to your funds on a fake trading or investment platform. They may claim you need to pay additional fees, taxes, or verify your identity to unlock your money. In reality, these demands are tactics to extract more money before vanishing
02
Financial Adviser Scam
A financial advice scam involves fraudsters posing as trusted advisors or experts, offering fake investment tips or strategies. They may promise high returns or insider knowledge to gain your trust. Victims are often persuaded to invest in fraudulent schemes, leading to significant losses with no real financial gain or recourse.
03
Crypto trade Ponzi Schemes
Scammers promise high returns with little risk, but the money is never invested in the promised projects.
To protect yourself from these scams, always verify the validity of any site before entering sensitive information, enable two-factor authentication on trusted websites, and stay informed about the latest scams and best practices.
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