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Psychic scams

Many psychics gain through people’s pain and vulnerabilities. For example, during the covid times, people were over-anxious and locked in their homes. 

They watched the live-stream readings of tarot card readers or spiritual healers who may ask the victim to select a number from one to ten to get a reading, or they tell you that someone with the first letter “A” or “B” wants to talk to you through me, pretending they have a connection to someone deceased claiming they can foresee future events. 

They pretend they have created a supernatural medium that can help the clients. 

The psychic or clairvoyant approaches the target through emails where they write the name and address of the client, often collected through online databases. Then, they send emails with links or make a phone call to the target; sometimes, they meet face to face to provide an exceptional reading experience.

They may claim that you are in trouble, and then they offer a solution for your problems for a small payment, or they claim they can help you win lotteries or remove curses that create a blockage in your life. 

They ask the victim to pay an administration fee for the service and often send bogus emails to the client, who realise they have been scammed when they lose money. 

Some clients divulge a lot of personal information to such people and create an opportunity for criminals to know more about their vulnerabilities and insecurities.  

Those who are defrauded by such groups of cons not only lose cash by paying to a service, they suffer a kind of theft. For example, the psychic may claim that you will win a lottery or recover from a health issue or get a huge inheritance, or you may get your lost love and other life-changing benefits. 

In such cases, the victims are anxious about their life, often facing psychological issues, and the service providers are motivated by their fears. 

How To Spot and Avoid It?

  • They make fake promises and guarantee good health, fortune and wealth, but seek payment for giving the blessings.

  • They even ask for hidden costs for offering the services. 

How To Protect Yourself?

  • Do not give out financial details to such people you do not know or trust.

  • Ask questions about the fees structure and services before making any payment.

  • Do not provide bank details and secretive personal information. 

  • You can get advice from friends and check their reviews on reliable platforms before contacting anyone. 

  • One should not take such guidance to make key life decisions. 

  • If you suspect any such fraud, report it to the authorities.

Date Published: Feb 18, 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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