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

Money Advice Service Impersonators

How the scam works: The Money Advice Service is a British agency that offers impartial, independent advice on a wide […]
August 12, 2020

Payment Notification Scam

Payment Notification Scam: How It Works If you're like most people, you spend a good part of each day […]
August 12, 2020

Billing Error

How the scam works: The Internet has made all of our lives much easier. But every silver lining is attached […]
August 12, 2020

Veterans Pension

How the scam works: Veterans benefits and their pensions are the latest targets of the scammers preying on the elderly. […]
August 12, 2020

Subsidy Benefit in Australia

How the scam works: Phishing scams are one of the oldest games in the scam book. Once a scammer has […]
August 12, 2020

Prime Bank Guarantee Scam

Prime Bank Guarantee Scam: How It Works (with explanatory video below) Some scams have been making the rounds for […]
August 12, 2020

Car Loan Approval

Bad Credit Car Financing Scam: How It Works  Car loans for people with bad credit and fake lenders. Beware of […]
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

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 scam alert! Watch out for fake reviews and sites that are not legit. See here:
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 you […]
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 […]
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