In 2021, Georgians lost a total of $26.4 million dollars to investment scams according to data from the Federal Trade  Commission (FTC). In these scams, you typically receive a phone call out of the blue or see a post or ad on social media about an investment that promises a high rate of return and no risk. But to take advantage of this once-in-a-lifetime opportunity, you have to act today. The truth is the investment is questionable at best, and may not even exist at all.

Tips to Avoid Investment Scams:

  • Don’t trust promises of unusually high returns or risk-free investments. Every investment contains some amount of risk.
  • Don’t feel rushed. Pressure to act immediately is a red flag of a scam. 
  • Be very wary of foreign or “off-shore” investments or insistence that you pay with cryptocurrency, as these are also signs of a scam. 
  • Don’t be persuaded by claims that “everyone” is in on the deal. Many scams target members of the same social circle or religious group to give victims a false sense of security.
  • Don’t rely solely on the information the investment promoter gives you; a scammer can easily create phony materials. Always do your own research before investing your money – even if the person promoting the investment is someone you know.
  • If you are considering buying stock, check out the company’s financial statements by using the Security Exchange Commission’s (SEC) EDGAR database ( 
  • Verify whether the person contacting you is licensed to sell securities in Georgia by contacting the Georgia Secretary of State’s office at or 1-844-753-7825. 
  • You can also use the following resources to see if the person or company is the subject of any complaints or violations: 
  • To report an investment scam, contact the Georgia Secretary of State’s Securities Division at or by calling 404-654-6021.