Scam warning
Too-Good-to-Be-True Investment
A scammer promises you can double your money, often with cryptocurrency, gold, or a “secret” trading app. They may use fake celebrity ads or a friend you met online. The profits you see on the screen are fake.
Also called: Crypto investment scam, Pig butchering, Ponzi scheme, Trading app scam
The one thing to remember
Guaranteed big profits with no risk do not exist. Talk to your bank or a trusted advisor before investing.
How it happens
- You see an ad with a famous person, or a new online friend tells you about their success.
- They help you sign up on a website or app.
- You put in a small amount and it seems to grow fast. You put in more.
- When you try to take out your money, you're asked for “taxes” or “fees”.
- Then the website disappears.
Warning signs
- Promises of guaranteed or very high returns.
- Pressure to invest quickly before the chance is gone.
- Celebrity videos or ads promoting the investment.
- Having to pay fees to withdraw your own money.
What to do
- Don't invest money with someone you only know online.
- Check the person or company at FINRA BrokerCheck.
- Talk to your bank or a family member first.
Last checked: October 31, 2026