how to avoid being scammed
DESCRIPTION
How to avoid being scammed. Teaching this as part of Personal Finance, but useful advice for the rest of us.TRANSCRIPT
Avoiding Scams
Avoiding ScamsThere are some general rules that should set alarm bells ringing wherever you see them. Be very suspicious if:• something sounds too good to be true – like free stuff or quick, easy
money• you’re asked to give out personal or bank account information• you aren't given long to make a decision or feel pressured into
making one immediately• you’re contacted unexpectedly by a company or person you have
never heard of – this can be by post, email, phone, text or on the doorstep
• you’re asked to pay anything up-front• the only contact details are a mobile phone number and a PO box
address
Common Scams (1)
• Phishing – Collecting personal details
• Pharming – Fake Website e.g. coach
• Advance-fee fraud - ‘Nigerian bank scam’
• Dating fraud• Money Mules –
Forwarding criminals money
Common Scams (2)
• Boiler rooms – Hard sell fake shares
• Vehicle Fraud – Is it really their car?
• Online auction fraud – e-bain• Job scams – Great job, just pay agency fee• Health scams – Wonder vitamins
Common Scams (3)• Prize draws,
sweepstakes and lottery scams
• Property Fraud• Face to face fraud – Charities / Prizes etc• Pension scams• Training course scams – Do this training to
get a job in film industry.