Monday, August 26, 2013

Common Fraud Schemes (Pt 1)

Telemarketing Fraud


There are an unbelievable number of ways people are defrauding unwary individuals.  Even as professionals in the field, there are times that we have to do some research to determine if an email or phone call we’ve received is truly legitimate.  Here are just a few of the most common schemes along with ways to be aware and avoid getting swindled:

Telemarketing Fraud – Phone calls are always a popular fraud scheme.  The perpetrator puts you on the spot and tries to get you to make a snap decision.  The caller can sound very legitimate and often places a sense of urgency on the call.
  • Try not to buy from a company that you do not know from prior experience.
  • Don’t give to a charity unless you are familiar with them and have received written material about them in the mail.  
  • Check out companies or charities on the Better Business Bureau website or any other legitimate watchdog site.
  • Don’t pay for services in advance.  Receive your goods before paying.
  • Take your time when making a decision.  If they say the offer is only available right now, it’s a sure bet you’re being scammed.
  • Never pay for free prizes.  It is a scam.
  • Don’t give out financial information over the phone unless you are absolutely certain who you are speaking with.
This is the first in a series of blogs about types of fraud which are frequently seen in today’s world.  In our next posting, we will discuss the Nigerian Letter fraud.  Always stay alert and if you are unsure about something you’ve been offered, we’d be happy to help you determine if the opportunity being presented to you is in fact legitimate.  It’s far better to be safe than sorry!  916-576-7050.

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