Investor Protection Guide: Advance Fee Fraud

{
  "id": "MLC-T-LAW-002755",
  "term": "Investor Protection Guide: Advance Fee Fraud",
  "field": "Law",
  "definition": "A type of scam where victims are asked to pay an upfront fee in exchange for a promised service, loan, or investment that never materializes. The fraudsters disappear with the advance payment, leaving the victim with no return. This scheme is illegal and often targets individuals seeking quick financial gains or desperate for funds.",
  "url": "https://mlchart.com/terminology/law/investor-protection-guide-advance-fee-fraud/"
}