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An advance-fee scam is a form of fraud and is a common confidence trick. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum.
Scam baiting (or scambaiting) is a form of internet vigilantism primarily used towards advance-fee fraud, IRS impersonation scams, technical support scams, [1] pension scams, [2] and consumer financial fraud. [1]
A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
The list is not exhaustive. 419, see § Advance-fee; Advance-fee – involves promising a victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum.
Another type of lottery scam is a scam email or web page where the recipient had won a sum of money in the lottery. The recipient is instructed to contact an agent very quickly but the scammers are just using a third party company, person, email or names to hide their true identity, in some cases offering extra prizes (such as a 7 Day/6 Night Bahamas Cruise Vacation, if the user rings within 4 ...
Advance-fee scam; From an alternative name: This is a redirect from a title that is another name or identity such as an alter ego, a nickname, ...
An alternative form of lottery fraud, commonly known as a lottery scam, takes the form of informing an individual by email, letter or phone call that they have won a lottery prize. The victim is instructed to pay a fee to enable the non-existent winnings to be processed. This type is a form of advance-fee fraud and a common email scam. [1] [2]
Around 15% of American households fell victim to a financial scam in 2023. American consumers lost a total of $8.8 billion to fraud and scams in 2022. Scams are everywhere these days, and...