Investment fraud is on the rise in Washington State in 2025
A new study from Carlson Law found Investment Fraud in the U.S. has reached record levels stating an unprecedented $4.57 Billion lost to Investment Scams.
Tech Savvy Millennials fell for more investment scams than any other age group with a record $86.7 % of losses involved in Crypto totaling $3.96 Billion.
This is alarming and makes me want to instantly call my two sons who are currently investing in Crypto! Yikes!
I fell for it on the Venmo App and invested a bit. It seems whenever it goes up a bit it falls that much more in the weeks following.
Nationally Investment fraud is the No.1 costliest type of fraud in America, according to the FBI.
The increase in Fraud is directly tied to crypto and AI deepfake videos.
5 Tips to Avoid Investment Scams are as follows:
1. Make Crypto Investments Carefully: Do not respond to messages on social media, email, or text from an unknown source. Only use well-known exchanges such as Binance or Coinbase.
2. Research the Team Behind the Project: Perform a reverse search to verify their identity. Check LinkedIn profiles and their involvement in other successful projects.
3. Consult an Independent Financial Advisor: Before investing in anything, bring the opportunity to a reputable third-party expert who is not involved in the project.
4. Learn How to Spot Deep Fake Videos: Look for unnatural blinking, inconsistent skin tone, mouth movements not matching audio, and body parts blending into each other.
5. Red Flags to Watch For: Unrealistic returns, high-pressure tactics, and lack of transparency.
And remember if it sounds too good to be true, it probably is!
Staggering Elderly Victim Fraud Rate in Every State Revealed
Gallery Credit: Scott Clow
Weirdest Pop Culture Scams Ever
There’s nothing like a good ol’ fashioned high profile scam to keep you fascinated, shocked and entertained all at the same time. As long as you’re not involved in it, of course.
From Fyre Fest to Caroline Calloway, we’ve compiled 25 of the weirdest pop culture scams ever.
Gallery Credit: Jessica Norton