A scam is a plan to trick someone out of something valuable, usually money or personal information. Other names include a con, fraud, rip-off, racket, hustle, sting. It is a form of theft.
Investment scams are specific to financial products and services such as shares, bonds, managed funds, and investing or trading through an online or app-based trading platforms.
Scammers can be very friendly, charming and convincing, but also persistent and impatient when it comes to getting your money. They can resort to scare tactics, and even abuse, ridicule or threats.