College students are easy prey for fraudsters. Most of these young adults are away from parental supervision for the first time and, although they may be mature enough to live on their own, their naiveté can make them particularly attractive targets for fraudulent schemes and other abuses.
Denial. Anger. Depression. There is no typical response to financial loss due to fraud, but this article may help you understand why you selected a particular investment or even allow you to spot a scheme before it’s too late.
At any given time, there are hordes of civil fraud recovery actions ongoing in various courts in the United States. These can range from fairly small matters, involving only a handful of people and with only a few thousand dollars at issue, to enormously complex international fraudulent schemes involving billions of dollars of diverted, misused, or stolen money from thousands or even millions of victims.
1. Don’t Panic; 2. Recognize that you are a victim; 3. Cut off communications; 4. No social media; 5. Be cautious about taking payments from the fraudster.
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