To identify financial scams, watch for red flags like promises of guaranteed returns, pressure to act quickly, and lack of transparency. Scammers often use tactics like phishing, impersonation, and fake investments. If you suspect a scam, report it to relevant authorities, such as the FTC or local financial institutions, to protect yourself and others from falling victim. https://whitehatrecoverie.com/blog/identify-and-report-financial-scams/