4D-Lab icon

Money Security, Scams, Phishing

Never assume an e-mail/text is legitimateThere are scores of ways of losing money in scams, frauds, phishing, and other confidence tricks. You can can be ripped by:

-"Pyramid" schemes. Pyramid schemes are an unsustainable business models that promise participants payment or services, primarily for enrolling other people into the scheme, rather than supplying any real investment or sale of products or services to the public. Pyramid schemes are illegal and very risky money-making schemes that can cost a lot of people a lot of money.

-Malicious EMails to control and hack your computer. There are several techniques to wrap emails to look as legitimate emails in an attempt to gather personal and financial information from recipients. Most of the time, the messages appear to come from trustworthy Web sites. Web sites that are frequently spoofed by phishers include PayPal, eBay, MSN, Yahoo, BestBuy, and America Online, and many banks and financial institutions. A phishing expedition, like the fishing expedition it's named for, is a speculative venture: the phisher puts the lure hoping to fool at least a few of the prey that encounter the bait. The fishing expedition typically involves sending thousands of emails because they bet that at least a dozen or so will answer the message; and maybe at least one in that dozen will be the big fish they are waiting for.

Other fraud and scams involve:

-Health and Social Security scams targeted to the elderly

-Password hacking

-Laptop/tablet stealing

-Cloned websites

-Identity theft, etc.

Surfing the Internet is risky, specially if there is money involved.

Here you will find some unbiased information that may help you in making critical decisions when investing, gaming, or buying online.

Health Scams: Don't take the risk

Generally, one pill will not treat or cure many different illnesses like cancer, diabetes, AIDS, or arthritisquote Everyday we are stuffed with tons of media ads on miracle pills, miracle drinks, instant cures, etc. All this without taking into account that many people are really suffering and for the pain they feel they are ready to buy anything that promises some relief.

There are some exceptions: some products can be beneficial to your health; the problem is that they are overhyped, overpriced, and sometimes insanely expensive."

Top 10 Consumer Scams

If you purchase a business opportunity, carefully evaluate all subsequent offers of upgrades and enhancements.quote Don't think that just because a criminal mind is planning a new attack to a victim the criminal guy is not inventive; criminals are intelligent people; they know what they are doing and how to do it in the perfect time and in the perfect place.

For example, 'Internet auction Web sites offer consumers the ability to purchase goods from around the world. Unfortunately, some sellers fail to deliver what they promise. In addition, some scam artists use information from a legitimate Web site to lure buyers into a fraudulent transaction, such as, requesting payment from the buyer, but never delivering the goods."

Mortgage Loan Fraud Update: Suspicious Activity Report Filings In 1st Quarter 2012

California and Florida remained the highest ranked states based on the number of mortgage loan fraud subjects, followed by New York and Illinois.quote California and Florida remained the highest ranked states based on the number of mortgage loan fraud subjects, followed by New York and Illinois.

FinCEN (Financial Crimes Enforcement Newtwork) also noted an increasing number of mortgage fraud related SARs (Suspicious Activity Reports) that could provide useful information for law enforcement about “repeat subjects”; that is, the same subjects identified in multiple SARs, or identification of the same subject in multiple transactions attempted or conducted at the filing institution. For example, several foreclosure rescue scam SARs described filer research on foreclosure rescue subject organizations, and noted that numerous borrowers have complained about those subject organizations."

Internet Scam Guide - Web of Lies: How to protect yourself on the Infohighway

Instruct your children NEVER to give out any personal information over the Internet.quote Scammers send out amazing offers and 'gifts' of 'winning tickets' and 'prizes' in exchange for an administration or entry fee, small enough to entice people to join. Scammers know that a number of people will send them money, either lured by the promise of gains greater than the initial outlay (the 'What have I got to lose?' reaction) or because the victim is driven by a sense of obligation after receiving 'something-for-nothing'.

In most cases, the victims of this type of scam pay money for something they never receive."

The Little Black Book of Scams: A consumer's guide to scams, swindles, rorts, and rip offs

Why scams succeed?quote The Internet is becoming a big part of our everyday lives. But there are no gatekeepers on the 'information superhighway.'

New, unregulated technology means new opportunities for consumers, investors, businesses — and for scam artists.

The rise of Internet use brings more deceptive and misleading promotions, bogus travel offers, contests, lotteries, and other illegal practices on the Web."

Charity Scams: Get the facts

Never commit to give a donation during the initial solicitation.quote When researching a charity, be very sure that you are dealing with the correct charity. Some phony charities use names similar to those of well-know, legitimate organizations. Call the organization you know to make sure that they are aware of the solicitation that you received and that your contribution is going to the right address.

Be wary of charities that spring up over night in connection with current events or a natural disaster. As much as some of these pitches pull at your heartstrings, many of these so-called charities probably do not have the means to get the donations to the affected people or areas."

Scams, Frauds And Other Cons

If it sounds too good to be true, it probably is.quote Business Scams - Blue Sky Business Scam
Scam: A person is persuaded to spend a large amount of money investing in vending machines all set up and ready to go in “good” locations. Buyer finds out that the locations were less than ideal and they never recoup their initial investment.

What to do:
- Be wary of local ads for new vendors that offer a toll-free number and a chance to make 'big bucks'

- Research the company by contacting local companies

- Know the price of the equipment to prevent overpaying
Bottom Line: An investor should have a working knowledge of any business they are investing in, including the price of the equipment, and the approximate rate of return."

Drinking Water Scams

Why Drinking Water Scams Work?quote Water Treatment and Health Quackery Scams

-Devices that produce oxygenated, super-oxygenated, or antioxidant water

- Devices that produce special structure-altered or special clustered water

- Devices that produce alkaline or ionic forms of water

-Devices that produce water with some special form of energy or other magical properties.

Scams, Shams and FlimFlams: A Guide to Understanding Consumer Rights and Avoiding Common Consumer Rip-Offs

If you feel a product, service, or other item has not performed as advertised or promised, you can file a complaint.quote Water Treatment and Health Quackery Scams

-Devices that produce oxygenated, super-oxygenated, or antioxidant water

- Devices that produce special structure-altered or special clustered water

- Devices that produce alkaline or ionic forms of water

-Devices that produce water with some special form of energy or other magical properties.

Shopper Scams! How to find out who you can trust Video: Shopper Scams! How to find out who you can trust