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TOP 10 SCAMS OF THE YEAR

March 19, 2012

Unfortunately, scams are a staple of the Internet. How is one to know which link is safe to open and which one is not. Even the savviest of Internet users do get tangled up in some of the web’s harmful tricks. Stay away from all the free stuff on the internet. If it looks out of place it probably is.

The Better Business Bureau published a brilliant infographic, hi-lighting the top 10 consumer scams of 2011. Do yourself a favour, click on the (SAFE!) link below and read carefully.

top-scams-of-2011.html

Trust & Greed Are Your Biggest Vulnerabilities. Don’t Be A Fraud Victim.

    • Never pay for anything in advance where requested to do so, never for services nor for products sight unseen. If you do, use your credit card because you may get your money back where you have been scammed and many scammers to not have credit card accounts. Credit Card Companies can do a chargeback to the Merchant who processed the charge to your card if it is a fraudulent scam.
    • Promises of riches, and guarantees to instantly double or triple your money are scams.
    • Never give out financial or personal information about yourself to anyone via the telephone, email or any other method of communication where you don’t know with whom you are dealing.
    • Never donate to an alleged charity in response to a telephone call; it is impossible to verify the legitimacy of the so-called charity over the telephone. Ask the organization to mail an information package and remember to always check whether or not a charity is registered by calling Canada Revenue Agency at 1-800-267-2384 or checking its website at www.cra-arc.gc.ca.
    • Nigerian letter scams have resulted in the loss of millions of hard-earned dollars around the world and particularly in North America. If you receive a letter or an email from Nigeria requesting your assistance to move or hide millions of dollars, do not respond. THIS IS A SCAM.  Remember trust & greed?
    • There are Fraud Artists who scan the Classified Ads for vehicles etc. in what is known as the Nigerian Overpayment Scam. They call up the Seller and advise them that they are interested in purchasing the vehicle but only have a Bank Draft or Cashier’s Cheque for considerably more than the asking price of the vehicle. They convince the Seller to deposit the cheque into his/her account and to send the balance to the buyer. Weeks later the cheque is returned by the bank as Counterfeit. The Seller has given the vehicle away plus a gift of cash to the Buyer. Never accept a bank draft, cashier’s cheque or certified cheque when the amount is greater than the asking price and you are requested to refund the balance. Verify the identity of the Buyer; obtain a Driver’s License and/or photo Id, and confirm telephone number and address, and call the payor of the cheque (usually a business) to determine the actual cheque details, (the name of the payee, for instance) because in this scam the payee has been altered. 
    • It is a scam if you receive a letter from a Loan Company adivising you that the company can fix your bad credit and help you obtain a loan, and particularly so if they request an advance fee for their services, in what is known as the Advance Fee Loan Scam. The only way to improve your credit rating is to pay off your bad debts or wait seven years without incurring any more debts to have your record cleared.
    • Never invest in anything about which you know nothing. A website can be created as a false storefront. Conduct your due dilligence by making sure that you are dealing with a real person and a legitimate business.Check out the company with the Better Business Bureau, check if the individual and company is registered and/or licensed with the appropriate Provincial or State Securities Commission, ask for references and find out if the company has a business license. This is even more important if you are considering investing offshore which is very high risk.
    • Never allow an individual who solicits you at the door to repair or do renovations to your home. If your home requires renovations obtain a referral from someone whom you know and trust. Check out the company with the Better Business Bureau. Roof repairs are probably one of the biggest scmas with respect to home renovations.
    • Contracts mean nothing to fraud artists; at best you have a civil matter if things go awry as it will likely be difficult to prove criminal intent. You must conduct your due dilligence prior to signing a Contract and preferably you should have some legal or expert advice. And NEVER sign a blank contract.
The above information was obtained from CriminalFRAUD.com

If you don’t have a security system or don’t have it monitored, call me for a free, no-obligation consultation. You will be glad you did!

Ulli Robson, Security Specialist, (780) 288-2986.

For complete peace of mind, stay…SafewithUlli!

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