Thursday, September 12, 2013

Common Fraud Schemes (Pt 6)

Strawman, Redemption or Bond Fraud Schemes

In these schemes, "helpful" kits are offered for sale at a significant cost.  The kits say they will teach individuals to access funds held in “U.S. Treasury Direct Accounts,” which hold funds which are available to U.S. citizens.  These accounts do not exist but the scammers use legitimate-looking legal and financial paperwork.  As a result, many people are caught up in the scam and purchase useless kits at a great expense.
  • Don’t trust anyone offering to sell you a kit to access “secret” bank accounts.
  • Don’t believe that the U.S. Treasury controls bank accounts with funds available to U.S. citizens.
  • Don’t believe anyone saying that it is unnecessary to pay taxes.
  • If it’s too good to be true as the old saying goes, it probably is.
This is the sixth in a series of blogs about types of fraud which are frequently seen in today’s world.  In our next posting, we will discuss Ponzi and Pyramid Schemes. 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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