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. 

Banking scams are also a danger, having been around in some form or another since the first banks came into existence. 


Financial Scams: List Below

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.

August 12, 2020

Suppliers Bank Details Change

How the scam works: Businesses being scammed is as old as business itself. But in this age of many small […]
August 12, 2020

Deceased Spouse Insurance

How the scam works: When a spouse dies there are so many things that need to be handled almost simultaneously. […]
August 12, 2020

IRS Call Survey

How the scam works: Scammers call households pretending to be IRS (Internal Revenue Service in US) employees conducting telephone surveys. Alternatively, […]
August 12, 2020

Scheduled Payment E-mail

Scheduled Payment Scam: How It Works There is an email making its rounds these days, which is sent to […]
August 12, 2020

Tax Credit Fraud

How the scam works: Watch out for the American Opportunity Tax Credit scam happening these days, aka the Tax Credit […]
August 12, 2020

Online Police Auctions

Police Auctions Fraud: How It Works Police officers come across and confiscate various goods regularly. These are items that […]
August 12, 2020

Approved For a Loan

  Loan Approval Scam: How it Works (with video below) Knowing how to get prequalified for a mortgage could save […]
August 12, 2020

Unclaimed Money for You

How the scam works: This is an excerpt from a real scammer’s e-mail: “Public records indicate that $3,226,519 of unclaimed […]
August 12, 2020

Foreign Investment

Foreign Investment Scam: How It Works If you own a network business linking clients to each other for a […]
August 12, 2020

Fraud Recovery Fund

Fraud Enforcement and Recovery Act Scam: How It Works (with video below) Be aware of the Fraud Enforcement and […]
August 12, 2020

Grant Approval E-mail

How the scam works: You receive an official looking e-mail informing you or your company that you have been approved for a government grant […]
August 12, 2020

Grant Approval Specialists

How the scam works: Your business is approached by a “grant writing specialist” with perhaps even fancy business cards or […]
August 12, 2020

Investments Loss Aftermath

How the scam works: With the promise of making money quick and legal, people get lured into all kinds of […]
August 12, 2020

Investments Offshore

Offshore Investment Scam: How It Works You might come across great opportunities to invest your money, either through a […]
August 12, 2020

Investments with Great Returns

The Global Currency Arbitrage Scam, Presented as an Investment with Great ROI  If there's one thing everybody loves, it's […]
August 12, 2020

Iraqi Dinar Guru

Thinking to buy Iraqi Dinar? Beware of the Dinar Guru scam. Here is how it works:
August 12, 2020

Outstanding Debt

How the scam works: The Outstanding Debt/Invoice Scam comes as an e-mail and requires you to pay a debt or […]
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