Investment scams are getting more sophisticated and scammers are quite talented at deceiving people, resulting in more victims. “It’s becoming increasingly difficult to recognize investment scams,” said Carrie Hurt, CEO for the Council of Better Business Bureaus. “Scammers are using real-life situations, faking the websites of legitimate businesses, and sharpening their skills to outwit even savvy investors. Scam artists are experienced at the art of persuasion, and know which questions to ask to make you most susceptible to their pitch.” Ever wonder how scammers do what they do? FINRA Investor Education Foundation provides some interesting theories on the science behind scams. Here are some of the most common tactics: The “Phantom Riches” Tactic — dangling the prospect of wealth, enticing you with something you want but can’t have. “These gas wells are guaranteed to produce $6,800 a month in income.” The “Source Credibility” Tactic — trying t...
Dear my Good friend, I am using this opportunity to thank you for your great effort to our unfinished transfer of fund into your account due to one reason or the other best known to you. But I want to inform you that I have successfully transferred the Funds out of the country to someone else who was capable of assisting me in this great venture. Due to your effort, sincerity, courage and trust worthiness you showed at the course of the transaction I want to compensate you and show my gratitude to you with the sum of $800,000.00 (EIGTH HUNDRED THOUSAND UNITED STATES DOLLARS) I have authorized the finance house where I deposited my money to issue you international certified bank draft cashable at your bank. The name and contact address of the Person with it is Ms. Elena Jouronova is as follows: CONTACT AGENT Ms. Elena Jouronova EMAIL: elenaajouronova@legislator.com Telephone number: (+44) 20 7004 6000 Address: Canada House, Trafalgar Square, London SW1Y 5BJ, UK At the moment, I am very ...
The Better Business Bureau warns that tech support scams can be a serious hazard to personal security and finance. Today the scam is commonly known as the “Microsoft Scam”, and since last year there has been a major increase in scam activity. The original approach by scammers was to place calls posing as a “tech support specialist”, but the BBB claims that now scammers are using pop-ups and web links claiming that the user’s computer has been hacked, then providing a phone number for “tech support”. Then the “tech support specialist” provides a solution to the problem, usually costing hundreds and thousands of dollars.
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