A fool and his money are easily parted. But no one thinks themselves a fool. And that is mistake #1.
From the classic Nigerian Prince scam claiming that you've won millions, to a coworker raising money for their dubious Kickstarter project, you can be taken for a ride in the most unexpected and unpredicable ways.
Take heed and learn from the mistakes of these poor souls who lost their money thanks to bad-intentioned friends, strangers, and family.
Got a total of 1k for Christmas from aunts and uncles. Parent's told me they where just gonna "hold" it for me. That was 2 years ago and turns out they already spent it for a brand new TV.
Bought an item off the website of a company that had just finished their second Kickstarter. Before they fulfilled their second Kickstarter they went silent and then recently got involuntarily shut down. Still waiting on a refund, but it looks like the $1100 isn’t coming.