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Here are a few examples of common home improvement scams. ... Advance Fee Scams. ... Nearly 70,000 people reported romance scams in 2022. Romance scammers, or “catfishers,” will try to take ...
For example, in 2007, the head of the Economic and Financial Crimes Commission stated that scam emails more frequently originated in African countries or in Eastern Europe. [28] Within the European Union, there is a high incidence of advance-fee fraud in the Netherlands [10] and Spain. [11]
Money for Nothing. Every year, about 90% of consumers either fall for or encounter online scams. And while many consumers are sophisticated enough to avoid some of the most common scams, it doesn ...
Fraudsters continue to impersonate FINRA executives, offering bogus investment "guarantees" to investors as part of an advance-fee scam. Read more about the lengths these fraudsters go to in ...
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]
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 ...
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