How to Recognize a Bank Of America Scam

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

Definite Guide to Moneygram Scams

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

Definite Guide To Securities Fraud

“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

What is Payment Fraud & How To Avoid It

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

How Short And Distort Schemes Work

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

How Pump And Dump Schemes Work

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

Types of Check Fraud & How to Prevent It

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

Definitive Guide to Insurance Fraud

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

Cheap Electronic Products Scam

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

How Scammers Open a Fake Paypal Account

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

How Scammers Use Western Union to Commit Fraud

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