SEC Warns of Investment Scams Related to Hurricane Ida

The U.S. Securities and Exchange Commission warns investors of potential investment scams that leverages Hurricane Ida as a bait. The U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy is warning investors of potential investment scams related to Hurricane Ida. Scammers will likely target individuals and organizations that are eligible to receive large payouts from insurance companies to compensate for the damages caused by Hurricane Ida. In the aftermath of a natural disaster like a hurricane, organizations attempt to earn by investing in companies that provide cleanup and repair services. Crooks leveraged social networks and spam messages…