If you are looking for a new job or investment opportunity, watch out for this scam. It seems like an entrepreneur is inviting you to partner in a business venture, but it's actually a version of the classic advanced fee con.
How the Scam Works
You get a call or email from someone claiming to represent a business. The company is looking for new partners. These investors receive 50% equity in the business, but there's a catch. You need to pay thousands of dollars in "associated fees and costs" first.
Versions of this con have been around for a while. Typically, an overseas "businessman" emails targets looking for investors in his amazing new company. It is very similar to the Nigerian Prince con. This new version is far more sophisticated. Scammers have a credible business, website and backstory.
Tips to spot an advanced fee scam:
For More Information
To find out more about other scams, check out BBB Scam Stopper (bbb.org/scam). To report a scam, go to BBB Scam Tracker (bbb.org/scamtracker).