Tuesday, 20 October 2015

TYPES OF Frauds & Scams

According to the Canadian Anti Fraud Centre

There are many known scams, pitches and fraud types, including variations thereof, with new ones invented daily. The following are some of those listed on the Anti-Fraud website:

900 Numbers
The consumer is encouraged, either via a letter by mail or email, to call a 1-900 number in order to claim some type of prize.

Advance payment scams
When a fraudster requests an upfront payment for the promise of good, services, and / or financial gains and never deliver on their promise.

Card Scams
Organized criminals have the technology which allows them to "skim" the data contained on magnetic stripes, manufacture phony cards, and overcome such protective features as holograms

Counterfeit products and cheques
Fraudsters have become proficient in producing web sites, email, goods, and fraudulent cheques that have the same look and feel as the real item.

False charities
Bogus charities use names that are very close to the names of legitimate and respected charities. The end of the years is the peak season for charity appeals. It is also the peak for the bogus charity appeals.

Emergency scams
Though the "Emergency Scam" (or sometimes referred to as the "Grandparent Scam") has been around for years, The Canadian Anti-Fraud Centre warns the public to be alert after noting a marked increase in the number of complaints in the last two months.

Extortion scams
Extortion is a criminal offence of obtaining money, property, or services from a person, entity, or institution, through coercion.. The extortionist threatens to reveal information that is potentially embarrassing, socially damaging, or incriminating unless their demand is met.
**** I will be posting my recent experience with EXTORTIONISTS shortly, including their demands & my response. Be sure to report criminal acts to Police.

Romance scams:
Any individual with false romantic intentions towards a victim gains their affection and trust (sometimes with the promise of marriage) and access to the victim's money, bank account, credit cards, or in some cases by getting the victim (usually unknowingly) to commit fraud on their behalf