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Image source: Getty Images. Business impersonation scams are the most reported type of financial fraud. According to a May report by the Federal Trade Commission (FTC), about 332,000 people fell ...
Scam letter posted within South Africa. 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.
Advanced fee scams are deceptively simple: You get a highly desirable offer, and all you have to do is pay a small upfront fee. In the best case, the scammer takes your money and gives nothing back.
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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]
a type of § advance-fee fraud that 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. Mail and wire; Marriage; Medicare
A day doesn't go by day that I don't receive an e-mail from people with names like Dr. Fortunate Goodpence or Mrs. Pius Scam busters turn the tables on those running the Nigerian scam Skip to main ...
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 ...