Financial Scams Archives

Financial Scams

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.

Financial Scams: List Below

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.

Failed Bank Compensation

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 […]

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FBI e mail

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 […]

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Account Upgrade

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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Bank Manager Offer

How the scam works: An official-looking e-mail comes your way asking if you know a bank manager. Alternatively, the message is sent to bank managers themselves, whose e-mail addresses can be found through their banks’ websites. The people who sent the e-mails claim to work in the government of a poor country (most often Nigeria, […]

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Gold Investment

Gold Investment Scam: How It Works (with video below) Is gold a good investment now? If you're wondering how to invest in gold and silver, watch out for the Gold Investment or Gold Coins For Sale scam. The price of gold reached recently its highest point in history. Taking advantage of the bad economy […]

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Financing Credit Score Scam

Credit Score At Dealership Scam: How It Works (with video below) Are you considering purchasing a new car? When you buy a new car you have to go through a credit score check at every dealership, unless you pay cash. Because 9 out of 10 people don't know their credit score, they just rely on […]

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Forced Credit Application Scam

How The Scam Works: (with video below) Buying a vehicle is the second most expensive purchase that one makes in a lifetime, after a house. Commissions are big, and so are the efforts in making the sale happen. Beware of the Forced Credit Application trick that you may become the victim of at any car […]

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