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Signs of Fraud

Every year millions of peoples around the World victimize by fraud schemes, leaving them financially, mentally devastated and frustrated.  Most of the countries have some kind of laws or creating new guidelines to protect citizens to become victims and providing services and support if victimize. Being in America, I can give you some understanding of American law and links to US based lows if you seeking help or just wants to know about it.

Let me give you some very basic of fraud and guide you to understand, protect you and your loved ones, my philosophy is, safe than sorry, when it comes to frauds.

Look for Warning Signs, Fraud Facts, Play It Safe and very important Get Involved.

Warning Signs

Did you know that most common traits of frauds? Use these tips to gain a better understanding of most common scams.

  1. If sounds too good to be true. It probably is.
    1. Fake Check Scams
      • Mixed in with the bills you get a surprise – a big check made out to you. Before you cash that check or money order, ask yourself: It looks real, but is it? Scammers are getting better and their scams more elaborate. Fake checks and money orders look so good; they could fool your bank. It’s hard to know if the next big offer you receive is real or another scam designed to empty your pockets.
    2. Foreign Lottery Scams
      • It sounds exciting and exotic – playing the lottery in another country. Sure, it’s a long shot. But if you win, you could pay off your debt, travel the world, and make all your dreams come true. Truth is foreign lotteries really are illegal in US and lots of other counties.
    3. Work-at-Home Scams
      • Working at home is attractive to stay-at-home parents, college students, and retirees. Problem is, many of these jobs don't deliver on their promises.
    4. Internet Fraud
      • The Internet and international phone calls make it easy for fraudsters to target you from anywhere in the world. Internet scams are like old wine in new bottles: telemarketing and mail fraud scams now come from cyberspace, targeting consumers around the world.
    5. Identity Theft
      • Identity fraud is the fastest-growing crime in America. With millions of victims and losses in the billions of dollars, it continues to be one of consumers' biggest fears.
    6. Telemarketing Fraud
      • Telemarketing fraud costs Americans millions of dollars each year. And when it comes to phony investment opportunities, older Americans are prime targets.
         
  2. Pressures you to act "right away."
  3. Guarantees success.
  4. Promises unusually high returns.
  5. Requires an upfront investment-even for a "free" prize.
  6. Buyers want to overpay you for an item and have you send them the difference.
  7. Doesn't have the look of a real business.
  8. Something just doesn't feel right.
  • Play It Safe
  • Never click on a link inside an e-mail to visit a Web site. Type the address into your browser instead.
  • It's easy for a business to look legitimate online.
  • If you have any doubts, verify the company with the Better Business Bureau.
  • Only 2% of reported identity theft occurs through the mail. Report online fraud to the Federal Trade Commission at www.ftc.gov/complaint.
  • Retain your receipts, statements, and packing slips. Review them for accuracy.
  • Shred confidential documents instead of simply discarding them in the trash.
  • Fraud Facts
  • Your bank will never e-mail or call you for your account number.
  • Don't wire money to people you don't know.
  • Be cautious of work-at-home job offers.
  • Check out the company with thebbb Better Business Bureau.
  • There are no legitimate jobs that involve reshipping items or financial instruments from your home.
  • Foreign lotteries are illegal in the U.S. You can't win no matter what they say.
  • Check your monthly bank statements for charges you don't recognize.
  • Order a copy of your credit report from each of the three national credit bureaus once a year from annualcreditreport.com.
  • Get Involved
  • It's never too early to become an informed consumer.
  • Point out "too good to be true" offers to your kids, and teach them to be skeptical.
  • Take an active interest in the financial activities of your aging parents.
  • Share information about scams with friends and family. Use social networking to help keep them safe.
  • The Federal Trade Commission, the nation's consumer protection agency, works to prevent fraud and to provide information to help consumers spot, stop and avoid it. To file a complaint or get free information on consumer issues, visit www.ftc.gov or call toll-free 1-877-FTC-HELP
  • If you've received a suspected fraud through the U.S. Mail, or if the mail was used in the furtherance of a crime that began on the Internet, telephone, or in person, report it to the U.S. Postal Inspection Service.  http://postalinspectors.uspis.gov or call 1-877 -876-2455
[Signs of Fraud]