Investment scams

Every minute a sucker is born (PT Barnaum). Let us not be one

A number of scams has been published involving fleecing of the investor or the lender.  However there are supposed investor scammer:

    1.  Nigerian scam -  The party is supposed to be a recipeient of million dollar inheritance. Now if the 

         reader of the letter would be willing to fork out x $ to facilitate the documentation

    2  Romantic scam -  the lady usually is a marine or armed forces officer who has stash of gold

        or currency taken from the warlords.  Now if the reader can advance money transfer facilitation for

        xxx$ amount....

   3.  A former business partner who is now in USA asked me in DM if I am aware of IFC benefits for 

        those senior who are unemployed.   I tried ot access the IFC but was denied.  Went back to the 

        fmr business partner  He referred me to a Korean sounding person who would facilitate the release

        of the funds.   He came back soon and said if I could fork out $500.00  I would get $50,000 benefits,

        $700 for $70,000   $1,000 for $100,000 (thats a lot P6M) for only P60,000

  4.  Lately this post got solicitation from a North American principal   He asked for a proposal and I

       asked for a proposal.  This post asked data from him which he never sent.  I sent him an executive

       seminar and rebuked me on certain matters not related to the matter of the investment.   I thought

       he was just fishing for the idea.

Would you fall for any of this

Five most common scams

Rizal Philippines  |  September 9, 2014



Repost from PC world articles

The five most common on line scams are the following:

1.  Pishing.

    The scammer tries to get your account # especially if its a credit card or ATM number by pretending the sender of the article that the bank is asking for an update or confirmation

2.  Auction fraud or non existing on line store.

     They ask for pay pal or credit card payments and you get nothing  Some China sites are like this, and you can not have any remedy.

3.  Nigerian scam

    "I am a bank manager and I have client with x million of funds in escheat, and I wish we can help her."

  " I am the son of the royal prince and  I found out that he has x zillions deposited in Swiss account, and I wonder if we can be partners for this and I will give you x% percentage of the loot if you help me?"

    These used to be letters and now the variation is email.

4.  The reshipping re fund transfer.

     Beware, the goods could be narcs or money for laundering.  

5. The winning of lottery or free gifts in a lottery that you are not aware you joined.

(Let me add that in our country, the load transfer scam is very common.   "If you text this secret code to this number, you will get a 30% discount on your next bill. The sender sends you the thread of numbers which turns out to be pasa load to him (from  50 pesos to a few hundred pesos which you lose) and then you do not get the promised 30% discount.   Hu hu hu