Did you just receive a suspicious email, call or a text message that was supposed to be from Bank of America? How to tell if it’s a scam and what can you do about it? Thieves attempt to lure you into providing personal information with the help of bank phishing and email spam, fake telephone … Read more
Can you trust Moneygram? Yes, they can scam you on Moneygram, just as they can on any platform. Like Western Union, Moneygram is a money transfer company that wants the best for their customers. When we look at the usage of these payment methods that others make, that’s a different story. Even today, the most … Read more
Once you’ve been a victim of fraud or identity theft, it’s difficult to know what you should do first. One of the statements you may have heard when it comes to identity theft is a fraud alert. But do you know what fraud alerts do, what types of fraud alerts are available or how fraud … Read more
Cash and vending machines are prone to security breaches and outdated cash machines are especially vulnerable. If you’re the owner of a cash or vending machine you must acknowledge the most common security concerns to update or replace your machine. If your machine is located in an isolated area and left unmonitored, it could be … Read more
“You can fool all the people part of the time and part of the people all the time, but you cannot fool all the people all the time.” – Abraham Lincoln Opportunities come and go. Those who move fast arrive first and reap the best reward. The risk of fast decisions, of course, is overlooking … Read more
You found a great opportunity: a product to buy, a business idea, or a job to apply. When it looks impossible to go wrong, it does. You did your part, but the other person didn’t. You wired the funds, but the other hasn’t responded since then. What will happen to your funds? Will you ever … Read more
“Make thousands working from home. Our partners make over $3,000 in their first month. Anybody can do it!” What kind of a home job could promise that? Copywriting? Designing? Programming? If the ads about making a lot of money from simply stuffing envelopes seem too good to be true; they probably are. The proliferation of … Read more
Banks are a comfortable, relatively secure way to save money. In fact, they seem so reliable that some people trust them with all their fortune. After all, it’s easier to manage your finances if everything is in one place, right? Reevaluate. It’s okay to rely on one source as long as you control what happens … Read more
Need money? You’re in luck. Many lenders will give you the amount in no time, depending on who you are. If you have strong credit, you can get low-interest loans fast. But most people won’t likely qualify for these. Without a good history, loans become a complex, long process with tons of paperwork. Because why … Read more
Wire transfers are a popular payment method, and sometimes this is exploited for the wrong purposes. It’s a convenient way to receive money, but we can’t say the same about sending it. Why? Because wiring money to a stranger is like moving cash: once the other has it, you most likely lose it forever. Many … Read more
Bank fraud is a crime that has been around as long as banks themselves. Anytime there is a large amount of money floating around, there are going to be people trying to figure out ways to get to it. In developed countries, bank fraud is a serious problem that causes billions of dollars in damages … Read more
Most of us have the gift of human compassion. Whether it is the victim of a dissease or the little orphan across the street, we are glad to help out. Billions of dollars a day go to charities worldwide. People donate to charities as a sign of goodwill and grace. Unfortunately, thieves know that and … Read more
Can you make money online fast? Is it possible to go from broke to millionaire in X days? If so, how could you do it? A get-rich-quick scheme promises that participants can make money fast with basically no skill, effort or time in a very short period of time. With so many internet gurus talking … Read more
Short and distort is a less publicly known trading scam similar to the classic pump and dump. Shorting is a word in traders’ jargon and means basically selling a stock, currency, crypto or any other similar financial item that can be traded. Imagine some stranger reaches out to you and says: “Buy this penny stock … Read more
When was the last time someone helped you for no reason in particular? You get private information, someone sends money, or finds someone’s wallet. The help received makes you feel privileged. It may be luck, goodwill, and also a hook. No matter the purpose, that gift makes you trust the person. The same can happen … Read more
Success in business is about reaching financial goals. But to be where you want to be, you need to be transparent on where you currently are. Accounting fraud is a costly mistake in business. You can be brilliant at making decisions. If the data used is inaccurate, you cannot get the right results. These tricks create … Read more
The best way to steal is the subtle way. No matter how it’s done, there’s a better chance to succeed if the victim never notices. That’s why modern thieves prefer more elusive and nonviolent methods, like cashpoint scams. ATM Fraud is as old as the machines themselves. When you enter your credit card into an … Read more
Credit Cards are a convenient payment method, but this conveniences brings about some risks. Fraud with the use of stolen credit cards is committed for the purpose of obtaining goods without paying, to obtain unauthorized funds from a bank account or to sell stolen information further. What Is Credit Card Fraud? Credit card fraud costs … Read more
What is black dollar money? In short, it is a scam, also known as “Black Dollar Scam” or “Chemical Wash Scam”. In the scheme a victim is convinced they inherited cash by various means. Why is the money coated black? The scammers will make you believe that the money had to be painted black to … Read more
Even in our digital technology era, many still prefer to pay by check or bankers draft. One reason for this is that people do not trust computer technology and have misconceptions about online banking. This is understandable because of the fact most of these people may be computer illiterate and what is unknown to human … Read more
The insurance industry collects more than $1 trillion in premiums each year in the United States. Insurers as well as the insured are trying to take a piece of that pie. When they do it in a dubious way, we call it insurance fraud. When we think of insurance fraud, we usually imagine individuals or … Read more
Which one would you choose? Would you like to receive a million dollars right now? Or perhaps get a penny and double it for thirty days? If you do some simple math, the second option yields five times more gains than the instantaneous reward. Thus, compound interest is the secret of how Warren Buffet made … Read more
Have you been on the lookout for cheap electronics, mobile phones, game consoles and digital cameras for your own private use or to turn a profit? There has been an increasing hype to buy electronic items at a much lower price than the retail price. Many individuals are looking to buy items for a low … Read more
Started in the 80’s this scam has run per normal post, fax and per telephone and now in our internet age only increasing the number of victims. Stolen funds are subjects to a very low rate of recovery. Organized thieves are scamming people from all over the world. Many online schemes promise you the moon, … Read more
Paypal is a safe online payment option if you know who the recipient is. Everything is possible to manipulate in our computer world though, and we can do so with paypal as well. A fake paypal account can be opened in a couple of hours and verified with fake documents later on. Therefore you should … Read more
Western Union. To use or not to use? Let’s say you have a friend in a remote country who suddenly lost his money and ID documents. Western Union has created a convenient, immediate method to send money abroad. Western Union works great IF you’re the one who receives the money. As a sender, wire transfers … Read more
Are you planning a big transaction? Remember to use escrow. You can rest assured that the funds transfer with maximum security. Escrow companies can be very helpful assisting a transaction between buyer and seller safely, but you ought to make sure you are using a legit service. Once both parties meet the agreement conditions, they … Read more
One day, you find a no-brainer deal online. Or a job offer that’s too good to be true. Or a lottery email. On another day, you start getting calls from investigators about issues you can’t relate to. All you know is you had the luck to get easy money from some stranger. What’s going on? … Read more