Trust is earned, not assumed, especially with money. Strangers start at zero trust until they prove otherwise.
*When you should NOT trust a stranger with money:*
1. *They asked first*: Unsolicited investment offers, “help me transfer funds,” crypto doubling, forex gurus in DMs — 99% scams.
2. *Pressure + urgency*: “Send now or lose the deal.” Real opportunities don’t vanish in 10 minutes.
3. *No paperwork*: No contract, no receipts, no verifiable business address, no regulatory license.
4. *Too good to be true returns*: “50% profit in 1 week guaranteed.” If it were real, banks would do it.
5. *Romance/friendship bait*: Met online, they profess love fast, then need money for emergency/hospital/visa. Classic scam.
*The rare times it’s normal to give strangers money:*
– *Regulated professionals*: Licensed banks, investment firms, lawyers, real estate agents. You’re trusting the institution + law, not just the person. Still verify their license.
– *Established businesses*: Paying a store, Uber driver, vendor. You get goods/service immediately, and you can dispute with your bank if scammed.
– *Escrow services*: For big purchases, a neutral 3rd party holds money until both sides fulfill the deal.
*How to protect yourself:*
1. *Verify identity + credentials*: CAC registration, SEC license, LinkedIn, physical office. Call the office line, not just their mobile.
2. *Start small*: Never test with money you can’t afford to lose.
3. *Paper trail*: Contracts, receipts, bank transfers only — no cash, no crypto to anonymous wallets.
4. *Third-party check*: Google “[their name] + scam”. Ask someone you trust.
5. *Gut check*: If you feel rushed or confused, that’s by design. Stop.