Schemes and Scams

Schemes are intentional plans or methods designed to achieve a specific goal, which can be legitimate or deceptive. Scams are a type of scheme that involves dishonesty or fraud to deceive someone for financial or personal gain. While schemes may include various strategies, scams specifically aim to trick individuals through false promises, fake investments, or fraudulent schemes. Recognizing scams involves being cautious of unrealistic offers, pressure tactics, and requests for personal information. Understanding these distinctions helps identify and avoid potential deception, protecting oneself from financial loss and identity theft.