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Advance fee fraud

Advance fee fraud

Some bogus organisations offer lottery or prize money to the client, and they contact the person by post, email or phone and ask them to pay an advance fee to gain access to the prize money. For example, they send messages like “you have won £100K” or “you can claim a lottery jackpot by sending a small release fee of £15.”

The target gets a series of messages that often asks them to send the fee to claim the prize money. 

How To Spot It?

  • They want you to send money through electronic media or wire transfer or, they may ask to make payment in digital currencies or through service exchange. 

  • They ask to provide the bank details to receive the money and pay the processing fee to get the benefit. They aim to get your details to sell to criminals. They never send any money into your account. Instead, they promise a lot that seems too good to be true. 

  • They ask to pay a small amount of refundable fee, or pay some money as administrative charges, and then they may seek to get follow-up fees or other forms of advance fees.

Different types of advance fee frauds:

  • Career opportunity scams

  • Clairvoyant or psychic scams

  • Cheque overpayment fraud

  • Dating or romance scams

  • Fraud recovery fraud

  • Impersonation of officials

  • Inheritance fraud

  • Loan scams

  • Lottery, prize draw and sweepstake scams

  • Rental fraud

  • Work from home and business opportunity scams

  • Vehicle matching scams

Date Published: Feb 19, 2022

Types of fraud

A-Z of fraud

To help understand which fraud you've been affected by, we've categorised them into an alphabetical list.

What is fraud and cyber crime?

Cybercrimes can be of two types. First, it can be cyber dependent, where the fraudsters use online devices to convince the victim to accept their offers.

Advance fee fraud

If you are trying to get a loan for a house or a car, they ask to meet the provider to get the financing arrangement and pay the finder's fee in advance.

Corporate fraud

Corporate frauds can be complicated, committed either by the firm or an individual. Nevertheless, it mostly involves cheating where the employee or the firm.

Individual fraud

There are many types of individual frauds related to advance fees, investments, insurance brokers, bogus tradespeople, Ponzi schemes, pension liberation.

Online fraud

Hence the number of cases of online fraud is increasing each year, and most such cases include – account takeover, direct frauds, or scams related domain names.

Identity fraud and identity theft

The criminal uses the stolen identity of another person living or deceased to conduct unlawful activities like obtaining goods or services in another's name.
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