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.
How the scam works: (with video below) Similar to the Wrong Number Voicemail Scam, this fraudulent activity comes your way advising on buying stocks from a certain company. The email claims to come from an acquintance who mistakenly sent the message to the wrong person. Lucky you, it's in your inbox now. After trying to […]
How the scam works: (with video below) Similar to the Wrong Number Voicemail Scam, this fraudulent activity comes your way advising on buying stocks from a certain company. The email claims to be from an acquaintance who mistakenly sent the message to the wrong person. Lucky you, it's in your inbox now. After trying to […]
Bank Account Verficiation Scam: How It Works Unlike the Account Upgrade scam, where fraudsters impersonate bank reps asking you to get your account to a new level, this one lures the email recipients into believing that they need to be verified by the bank to avoid suspicious activity on their account. However, the call […]
How the scam works: The Money Advice Service is a British agency that offers impartial, independent advice on a wide range of financial issues, including budgeting and debt, pensions and investments, savings and credit cards. Recently, a series of phone calls have been made in the United Kingdom by scammers claiming to be MAS representatives. […]
Payment Notification Scam: How It Works If you’re like most people, you spend a good part of each day going in and out of your email checking your messages. Good practice says to not open an email from an unknown sender or with an unclear subject line. However, we are all curious by nature. So […]
How the scam works: The Internet has made all of our lives much easier. But every silver lining is attached to a cloud. The Internet has made becoming a scam victim much more realistic. The billing error scam is one such Internet scam. In a very professional looking email, customers of popular telecommunications companies (AT&T […]
How the scam works: Veterans benefits and their pensions are the latest targets of the scammers preying on the elderly. There are a few variations of this scam, read below and watch the video to educate yourself. Veterans are to be respected and commended for their selfless service. In this scam that has been making […]
How the scam works: Phishing scams are one of the oldest games in the scam book. Once a scammer has your personal information, he or she can sell it to the highest bidder on the identity theft black market. This phishing scam involves an email from the Australian Taxation Office, promising a large tax refund […]
Prime Bank Guarantee Scam: How It Works (with explanatory video below) Some scams have been making the rounds for years; the Prime Bank Guarantee scam aka Prime Bank Instrument Scheme has been around for a while now and proves to be too alluring for many people to avoid. While the lure of easy money […]
Bad Credit Car Financing Scam: How It Works Car loans for people with bad credit and fake lenders. Beware of fraudulent practices. The newest scam around is the Bad Credit Car Financing aka the Car Loans Bad Credit scam. It comes in two variations. Let’s take a look at an example. You may be looking for […]
How the scam works: Businesses being scammed is as old as business itself. But in this age of many small business owners struggling to stay afloat, being vigilant about avoiding these schemes is more important than ever before. An old scam with a new twist is making the rounds, so business owners beware. The scammers […]
How the scam works: Scammers call households pretending to be IRS (Internal Revenue Service in US) employees conducting telephone surveys. Alternatively, they may use a flyer, an e-mail, a text message or even a tweet to make contact with the victims. All they need first is to gain trust, sometimes using some information they may already […]
How the scam works: Watch out for the American Opportunity Tax Credit scam happening these days, aka the Tax Credit Scam. Let's take a look. Scammers promise refunds to people who have little or no income, claiming non-existent stimulus payments based on the American Opportunity Tax Credit. The crooks claim that they can get victims […]
Police auctions scam alert! Watch out for fake reviews and sites that are not legit. See here:
Loan Approval Scam: How it Works (with video below) Knowing how to get prequalified for a mortgage could save you a lot of grief. However, beware of the Loans For People With Bad Credit or Home Equity Loan Approval scam happening these days. It is one of the typical loan text financial scams happening out […]
How the scam works: This is an excerpt from a real scammer’s e-mail: “Public records indicate that $3,226,519 of unclaimed money has been turned over to the State of California for distribution. Potentially an amount of money from this fund belongs to you. For instructions and your UMC Form (Unclaimed Money Collection Form) return this […]
Foreign Investment Scam: How It Works If you own a network business linking clients to each other for a commission, you might receive an e-mail from a potential investor in a diffrerent country, mostly from Africa (most likely Nigeria, South Africa, Ivory Coast, or Ghana) or Eastern Europe. Very official, they inform you that they […]
Verify Another website
Are you just about to make a purchase online? See if the website is legit with our validator:
vldtr®
The Dark Web can be a scary place, but it can also scam even the...
Read More
AI crypto fraud uses deepfakes, fake trading platforms, and phishing scams to steal money from...
Read More
Modeling scams can range from fake talent scouts to exploitative contracts and social media phishing....
Read More
Fake QR codes can lead you to scam sites, which can steal data and money....
Read More
If you think you’ve been added to a Microsoft Team without your consent, it’s likely...
Read More
Did you just get an offer from AliExpress to work from home? We explore the...
Read More
The Australian Federal Police Scam targets people with cryptocurrency accounts. Stay safe by never transferring...
Read More
Learn about popular tax scams, including IRS impersonation, AI-powered robocallers, and charity scams that can...
Read More
Learn about the “Your PayPal account has been limited” scam and how to avoid it...
Read More
The beta testing scam specifically targets gamers using platforms like Steam and Discord via authentic-looking...
Read More
Discover three common dropshipping scams and how to avoid them, including checking reviews and never...
Read More
