If it sounds too good to be true, it probably is. There are endless types of scams, designed to trick you and make money for the fraudsters behind them.
How can you tell?
A scam is designed to attract you, to persuade you and to defraud you. Fraudsters can make up any kind of stories.
Types of scams to look out for
- You have won the lottery, just like this $2.5 Million USD.
- You have inherited money. Such as this Macsmith Bowe & Associates.
- A valuable item is held for you in a secure deposit box. Elizabeth Lowery Scam is a good example.
- An investment in shares due to rocket in value.
- You are offered a "get rich quick" investment.
- You are promised a large sum of money by a Former Governor of State, such as this Kelvin Investment
- You are offered a loan at an attractive interest rate, even without your knowledge of it, such as this loan from Johnson Financial Investment
- Online banks need your confirmation or contact information. Read this post On-line Banks Are the Targets of Phishing Activities.
- Famous people set up some grants and you’re the chosen one, such as this Princess Diana Grant Award.
- Big companies such as Microsoft give you a reward, such as this Microsoft Promotion Award.
You must pay fees up front.
You provide your identity in return for vast sums of money.
What should you do?
1. Knowledge is power: so, you should read something such as this tutorial and this post Money Mule Exposed. You can spread the words and make more people better informed.
2. The passive option: Don't reply to spam.
By replying to spam or by unsubscribing, you are confirming that your email address is 'live'. Confirming this will only generate even more spam. Therefore, just hit the delete button or use email software to remove spam automatically.
3. The active option: Turn them to Professional Scambaiting.
Let the professional scambaiting beat them because Scambaiting Is Waiting for Scammers.