Vulnerability of Boholano Towards Investment Frauds
DOI:
https://doi.org/10.54536/ajmri.v5i4.7552Keywords:
Behavioural Characteristics, Demographics, Investment Frauds, Psychological Mindset, VulnerabilityAbstract
Investment fraud persists as long as individuals continue to trust and follow misleading schemes, causing significant harm not only to victims but also to the broader economy. This study aimed to examine the demographic profile, vulnerability, behavioural characteristics, and psychological mindset of fraud victims in Bohol who have engaged in fraudulent investment activities. Using a descriptive research design, data were collected from identified victims to analyse patterns associated with susceptibility. The findings indicate that while there is no single profile of a fraud victim, certain trends emerge: individuals who are female, aged 18 to 40, married, college educated, employed full time, and earning less than 10,000 monthly income appear to be more vulnerable. The study further reveals that behavioural characteristics and psychological mindset significantly influence an individual’s likelihood of engaging in fraudulent investments. Despite these patterns, victimization is not deterministic, and individuals are not inevitably prone to repeated fraud experiences. A comprehensive understanding of the interplay among demographic factors, vulnerability, behaviour, and mindset can contribute to the development of early warning mechanisms and targeted interventions. Such insights may help individuals make informed financial decisions and protect themselves and others from fraudulent investment and relocation scams in the future.
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