Financial scams have been a danger since finance first emerged as an economic activity. To this day, the prospect of easy money using deception, fraud, or any illicit means attracts criminals who think they can get away with it.
Investment scams have been a common type for ages. People are lured by the promise of easy returns, only to lose everything. Some are local and relatively small; others are enormous and even international in scale, such as the Bernie Madoff case.
Banking scams are also a danger, having been around in some form or another since the first banks came into existence. The good news is, here is how to block any fake website, or any other malicious site on the Internet.
Financial scams are a broad class of crime, but learning about them as they emerge can be invaluable. Keeping your eye on those that emerge can help you recognize the warning signs of a financial scam that’s trying to lure you or others in.
Did Someone From Afganistan or Syria Just Sent You an Email in Regards to Getting Money Out of The Country? You may be contacted via email by someone saying he is enrolled in military overseas (Afghanistan or Syria) and his team has confiscated a bunch of illegal money. You are asked for help in […]
Ukash Vouchers scam alert. Ukash vouchers are very useful and convenient legitimate cards that people in 33 countries use every day.
How the scam works: You receive an email from what appears to be your bank saying the following: “As a valued customer, we would like you to take part in a short survey. Upon completion, you will be awarded $25 in your account.” You click on a link and fill out the ten question survey. […]
How the scam works: You're approached by a company that offers training to people interested in becoming mortgage brokers. They promise a great package which also contains “high quality leads” and “fast payouts”. The selling point is that you can have a whole new career for a measly $4,000–not nearly the price of a full […]
How the scam works: Scammers send millions of e-mails at once, offering a very hot tip in the stock market. They give the name of a small company, whose shares are worth a few cents per piece, and they guarantee that the prices will sky-rocket in the next few days. What they do is buy […]
Fake Check Scams: How They Work (with video below) The Fake Check Scam occurs this way: the scammer asks for your business services – whatever they might be – and sends you a check with an amount that’s much bigger than the one you asked. Then, the criminals acknowledge his mistake but give you the […]
How the scam works: If you have a business, you have probably considered at some point using programs like Google Adsense or Adwords, where you post your company’s ads for advertising and only pay for it when somebody clicks on your link. The scam happens in two different ways: 1. Your competitor uses an online […]
Event Invitation Scam: How It Works This tricky scam comes as a very tempting invitation for regular people with great hobbies, businessmen, lecturers, activists, philanthropists or even CEOs to attend various events, organized in a different city. Such events could be seminars during major events like Mental Health Awareness Week, Women Deliver or Human Trafficking & Social […]
Was there a time when you were wondering how to find out your credit score? Well, beware of the Order Credit Report For Free Scam!
How the scam works: (with video below) You are tens of thousands of dollars in debt and you see no easy way out. But as you're surfing online, you see light at the end of the tunnel. An advertisement claims it can get you out of the red for much less than your actual debt. […]
Denial of Service Attack: How it Works If you happen to be a potential victim of a credit card fraud, you probably know that your credit card company calls you immediately if they feel there is suspicious activity on your account. But what happens if the bank can't get a hold of you because your […]
The Quick Divorce Online Scam Targets Couples During COVID-19 Strangely or not, the rate of divorces worldwide spiked during the COVID-19 crisis, especially in the United States, Canada, the United Kingdom and China. The reason may not be surprising, as couples who were struggling were already forced to live tighter during March and April. As […]
Economic Stimulus Grant Scam: How It Works (with video below) You receive a letter or an email that appears to be from the government informing you that you qualify for a grant under the federal economic stimulus plan. The letter tells you that your sector was one of several selected to receive the money. It […]
How the scam works: An e-mail comes to your inbox with the subject “Expiration of Draft”. Apparently, a company owed you some money from a recent transaction and they tried to send it to you, but you didn’t accept it in time. If you still want your money, you can claim it “now” by providing your […]
How the scam works: In the United States whenever a bank collapses, the clients are able to withdraw their money for up to 30 days after the official announcement. If they leave their money in after the bank has failed, the Federal Deposit Insurance Corporation (FDIC) takes care of compensation afterwards and clients can get […]
FBI Notification Email Scam: How It Works (with video below) There are still people who fall victim to the FBI e-mail/notification aka James B. Comey scam, which has a few variations. Lately, criminals also used the name of the new FBI Director, Christopher A. Wray. Let's take a look. Scenario 1. Scammers pose themselves […]
Bank Account Update Email: How It Works You get an email from your bank, asking that you upgrade or restore your account. It claims the company is going through a system change or that they found an error in your account info. It provides a link back to the bank's website. If you click […]
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