Advance fee frauds ask for payment up front in order for the deal to go through. The advance payment may be described as a fee, tax, commission, or incidental expense that will be repaid later. Some advance fee schemes target investors who already purchased underperforming securities and offer to sell those securities if an “advance fee” is paid.
- Introduction to Investing
- Research Before You Invest
- Protect Your Investments
- Additional Resources
- Free Financial Planning Tools