Commodity Scam Signs

Commodity scams often involve unsolicited goods that are of poor quality and sold for more than their true market value. These goods usually involve business consumables like stationery, till rolls, and generic printer cartridges. In addition, scammers often use caller ID to disguise the identity of the company that sent them. If you notice any of these warning signs, it’s best to stop and walk away.

One of the most common ways that a scam artist targets unsuspecting businesses is by pretending to be affiliated with a well-known organisation or individual. These scammers will often refer to new legislation or government-approved programs to make their scam look more legitimate. They may also use references to large companies and celebrity endorsements. Even if they appear legitimate, it’s wise to be cautious. These signs may be subtle, but they are not always easy to spot.

Scam artists will also try to impersonate well-known and respected individuals. Typically, they will mention government organizations and positions of authority. For instance, they will claim to be affiliated with government bodies or have been approved by a regulator. They may also reference new legislation or celebrity endorsements. Scammers will often use references to large companies and trade associations to attract investors. A common warning sign is if the broker refuses to allow you to make withdrawals.