Green Energy Scams Begin to Soar
The big crime money right now seems to be in green energy scams, which target rich and poor alike.
Who Is It Targeting: Would-be investors, socially conscious consumers
What Is It: Bait-and-switch investment scams
What Are They After: Want to buy some swampland in Florida? A bridge in Brooklyn? Most people probably don’t, which is why scammers are luring in victims with more socially-conscious, headline-grabbing methods. Climate change, global warming and initiatives like the Green New Deal are major topics right now. Scammers are using promises of fake “green energy” companies like electric car manufacturing, solar technology, wind farms and other similar ideas to steal from their would-be investors as part of green energy scams.
How Can You Avoid It:
- Never invest in a company unless all of their filings are available to you
- Consult with an expert before making any kind of investment
- Remember that things like flashy websites and digital presentations are easy to make and easy to fake
If you think you may be a victim of identity theft or a green energy scam, contact the Identity Theft Resource Center for toll-free, no-cost assistance at 888.400.5530. You can also live chat with one of our expert advisors. Find more information about current scams and alerts here. For full details of this scam check out this article from NBCNews.com.
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