Prevent Fraud - Page 6 of 6

Comprehensive Guide on Pyramid Scheme Scams

The pyramid scheme or MLM (multi-level marketing) seems like a good idea at first glance, but these schemes can be far from beneficial and may take up more time and money than they initially promise. These schemes entice potential sign-ups with images of good fortune, luxury holidays and the chance to start a very profitable business and live the self-employed lifestyle that many people dream of. But what is the truth behind these schemes? Are they scams or are they …

Black Money Scam Guide: Avoiding The Cash Wash Trick

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 avoid attention from the authorities. Now you have to pay the chemical cleaning fee in order to gain access to the clean cash. Is Black …

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 mind causes fear or rejection. In this case however, fear is totally obsolete, for statistics show online banking is safer than checks. To protect yourself …

What Is Phishing And How To Protect Your Sensitive Data With Examples

Phishing is an online term used to describe data theft. Phishing is an acronym to “fishing” because the victim is “baited” into giving their info to a third party masquerading as a legitimate company. The same tricks are employed across all popular payment platforms such as eBay, PayPal, online banks, crypto wallets or any other website where sensitive information could prove to be useful to a scammer. How Phishing Works – The Basics If a scammer attempts to steal your …

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 people collaborating to defraud an insurance company. However, elaborate schemes exist to scam people off of their money by the insurance companies as well, or …

What Are & How To Navigate Through HYIP Scams

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 his money, and how you could do it too with a High Yield Investment Program. You may have heard their promotions: “Make large returns from …

Ultimate Guide to eBay Scams & How To Avoid Fraud

Ebay’s corporate mission takes a unique approach to trading. Consumers can buy anything they want, no matter where they are. And sellers get a large client base to grow their e-com brands. eBay’s corporate mission is to: What makes eBay different and perhaps more appealing than Craigslist or Amazon? A lot of people are moving money on eBay. There’re two ways to win — either by earning customer’s trust or making a quick buck. Although most brands are legit, a …

How to Spot Fake Online Data Entry Jobs

Work from home. How does that sound? No alarm clocks, no need to go outside or dress fancy. As long as you get results, you live on your own rules. If your work is simple, it’s even better. These opportunities do exist, although they may not be as valuable as real jobs. Why? Because if it’s easy, anybody can do it. Yet, you can expect to find data entry jobs that pay several hundred for dozens of hours of your …

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 price and then resell them on eBay or similar auctions websites and turn a profit. Online electronic product shopping scams involve perpetrators pretending to be …

Advance Fee Fraud – What Everyone Should Know

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, only to take away your hard-earned money. Variations of advanced fee fraud are countless and can appear in new fashionable ways daily. Exploiting Fake Hopes: …

How Scammers Open a Fake Paypal Account

Why Would You Need A Stealth 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 not base your thrust on the fact a seller is using paypal. A step by step method on how to open a stealth paypal account …

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 require caution to avoid Western Union scammers. What Are Western Union Scams? Reliable? It depends on who you ask. With an effective payment method, you …

How to Protect Yourself from Escrow Scams

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 get the deal and walk away happily. The benefits of using an escrow service is that you can move large sums safely, even if you …

The Complete Definition of Various Proxy Types

Every time you access a website or connect to someone online, your online session assigns your computer an address and shares it with the counterparty you are connecting to. Why is that done? Whether you are browsing through a website, streaming a song or chatting on your favorite messaging application, you need to have an address. By having an address, the counterparty knows how to send information back to your computer. And that address is called your public IP address. …

Did You Take Part in Money Laundering Without Knowing It?

Money Laundering The Truth About Good Opportunities

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? You could be working for the mafia without even knowing it. But what do they want from you? This time, scammers don’t care about your …