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Trust games, also known as scams, are deliberate attempts to defraud individuals or businesses by enticing them to invest in projects that are never intended to earn a return. These scams can take place in any environment and use any communication approach, including the internet. Scammers exploit victims’ desire for wealth, often targeting those facing difficult financial circumstances. No one is immune to being a victim of trust games, and people should be wary of any scheme that seems too good to be true.
Also known as scam games, hustles, scams, and schemes, trust games are deliberate attempts to defraud an individual or business. This is usually accomplished by enticing the target, sometimes referred to as a brand, to invest financial resources in a project that is never intended to earn any kind of return. The exact process of a trust game may involve selling worthless goods or services, or creating some kind of money-making scheme that appears to promise substantial profits, but only makes money for the person running the scam. .
While trust games have probably been around since the beginning of time, the actual identification of your type of trick as a trust game usually dates back to the mid-1800s. In the United States, a man named William Thompson executed a scheme in which he would initiate conversations with people he met on the street, secure their trust, ask to see their watches, and then run off with the watches. While Thompson was eventually caught and convicted, the trust game designation stuck in popular culture, taking its place alongside other colorful names for similar pursuits, such as bunkos, flames, and griffins.
Today’s trust games can take place in almost any environment, using any type of communication approach. This can include running seminars that seem to offer people something they want, like the opportunity to make money relatively easily. Print media can also be used to run schemes, such as selling products that make outrageous claims when it comes to dealing with various health issues. In recent years, the Internet has become a favorite tool for scammers who seek to swindle people out of their money by luring them into providing personal information, such as bank account and credit card numbers. Trust games of this type often involve the use of email solicitations that appear to be from legitimate businesses, a phenomenon known as phishing.
People who run trust games tend to focus more on their personal greed and have no regard for the well-being of those they let down. While the exact strategies vary, scammers are often able to take advantage of and exploit a victim’s desire for wealth. The victim does not have to desire great wealth to be a target; Many scams target people facing difficult financial circumstances who are desperately looking for a way to earn money to pay for essentials like food, clothing, and housing. For this reason, no one should believe that he or she is immune to being a victim of trust games, and should always be wary of any so-called secure scheme that seems too good to be true. Chances are, the scheme really is too good to be true, and the only one who will reap a financial reward will be the con artist running the scam.
Smart Asset.
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