Frauds and scams are prevalent in the financial sector, where individuals or companies deceive customers into making financial decisions based on false or misleading information. These scams can range from fake investment opportunities to fraudulent loan offers or phishing schemes targeting personal and financial details. Mis-selling occurs when fraudsters or unscrupulous advisors exploit customers’ lack of understanding, leading them to make decisions that result in financial loss. Recognizing and addressing frauds and scams is vital to protect individuals from becoming victims and to ensure that they are not misled into harmful financial agreements.