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An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [ 1][ 2] If a victim makes the payment, the ...
Black money scam. The black money scam, sometimes also known as the "black dollar scam" or "wash wash scam", is a scam where con artists attempt to fraudulently obtain money from a victim by convincing them that piles of banknote-sized paper are real currency that has been stained in a heist. The victim is persuaded to pay fees and purchase ...
Scam baiting. Scam baiting (or scambaiting) is a form of internet vigilantism primarily used towards advance-fee fraud, IRS impersonation scams, technical support scams, [ 1] pension scams, [ 2] and consumer financial fraud. [ 1]
UPDATE: Additional information has come to my attention, and this article has been updated accordingly.One of the consumer scams that is most well-known and most hated by fraud experts is the ...
Lottery scam. A lottery scam is a type of advance-fee fraud which begins with an unexpected email notification, phone call, or mailing (sometimes including a large check) explaining that "You have won!" a large sum of money in a lottery. The recipient of the message—the target of the scam—is usually told to keep the notice secret, "due to a ...
The scam then becomes an advance-fee fraud or a check fraud. A wide variety of reasons can be offered for the trickster's lack of cash, but rather than just borrow the money from the victim (advance fee fraud), the con-artist normally declares that they have checks which the victim can cash on their behalf and remit the money via a non ...
An alternative form of lottery fraud, commonly known as a lottery scam, takes the form of informing an individual by email, letter or phone call that they have won a lottery prize. The victim is instructed to pay a fee to enable the non-existent winnings to be processed. This type is a form of advance-fee fraud and a common email scam. [1] [2]
Advance fee fraud. Debt elimination fraud; Nigerian fraud; Cashier's check fraud; Ficitious banking; High yield investment fraud; Personal data fraud; may result in credit or debit card fraud Identity theft; Phishing; Other types of consumer fraud include: Bait-and-switch; Bank fraud; Counterfeit consumer goods; Pharma fraud. COVID 19 fraud ...