Horrid and Weird Scams

Have you ever been a victim of scams? If not here are some scams collection, that we may not be aware of. In our daily internet surfing, we might come across scammers who are waiting to prey on someone.

1) Ponzi Scheme  /
Pyramiding Scams and Networking Scams

Charles Ponzi, original Guaranteed Return scammer (1882-1949)

Charles Ponzi, original Guaranteed Return scammer (1882-1949)

Art Nadel's helpers in his Ponzi scheme grows. Now a prominent newsletter publisher, Don Rowe of the Wall Street Digest, faces a lawsuit

Art Nadel’s helpers in his Ponzi scheme grows. Now a prominent newsletter publisher, Don Rowe of the Wall Street Digest, faces a lawsuit

This is a kind of pyramid scam, where money collected from investors is used to provide a returnto the previous investors and is greater than the money that can be raised by new investors. Ponzi scheme always collapse.

Bernard “Bernie” Madoff, a former chairman of the Nasdaq stock market

Bernard “Bernie” Madoff, a former chairman of the Nasdaq stock market

Bernard Madoff, former chairman of New York's Nasdaq stock exchange

Bernard Madoff, former chairman of New York’s Nasdaq stock exchange

Bernard Madoff, 72 years old, charged of Securities fraud, mail fraud, Money Laundering case, Investments advisory fraud, wire fraud, false statements perjury, theft from an employee benefit plan, false filings with the Security Exchange Commission (SEC). Madoff’s release is scheduled on November 14, 2139.

2) Offshore Investing Scams

Colin Pearson, Offshore scammer

Colin Pearson, Offshore scammer

Colin Pearson, a British fraud financial adviser has been sentenced for three years for running an offshore pensions scam, which deprived the taxman of almost £3 million.

Gold Bars investment Scams

Gold Bars investment Scams

This is an example of an offshore Investment scam: The Semper Libera Offshore Investment scam, “Offshoreinsider.com” club, July 3, 2001, Mr Ian Fraser, founder. Person behind this scam is Jim Robertson, and now nowhere to be found and disappeared with bank account information: Bank of Valleta Plc.,3/4 St John Square Valleta VLT 10, Malta, SWIFT:VALL MT MT. Please email shawn63@yahoo.com if anyone have information about this scammer before he could scam you! (credit to : Mr Shawn)

These scam is becoming popular to American and Canadian investors. Because of conflicting time zones, differing currencies and the high costs of international telephone calls, it made it so difficult for fraudsters to victimize the North American people. The internet eat away these defense of communications locally and international. Investors from other country should be more cautious before considering to invest in another country. It is very difficult to our local law enforcement agencies to push an investigations and run or prosecute the criminals.

3) Pump and Dump Scams

Pump-and-Dump-sold-stocks-on-the-streets

Pump-and-Dump-sold-stocks-on-the-streets

Examples of email “pump-and-dump”stock scams

Examples of email “pump-and-dump”stock scams

These are small group of ‘well informed’ people to buy stock, before they recommend it to thousands of investors. And the result is a quick pierce in stock price following an equality of abrupt downfall. But the perpetrators who bought earlier sell off when the price is on peak and earned huge profits than their victims. Most of “pump and dump schemes,” recommend companies over-the-counter bulletin board (OTCBB) and have a small float, because small companies are more easier to manipulate a stock when there is little or no information available about the existence of the said company. Pump and Dump are also known as “short and distort schemes.” The fraudsters use smear campaign and attempt to drive stock price down, instead of spreading positive news. The profit is made by “short selling scheme”.

4) Prime Bank Scam

Prime-Bank-Athens-19991,Prime Bank Guarantee Scam - Safe From Scams

Prime-Bank-Athens-19991,Prime Bank Guarantee Scam – Safe From Scams

These scheme term describes 50 banks or more in the world. Prime Banks Trade high quality and low risks instruments such as world paper; International Monetary Fund, bonds and Federal Reserve Notes. We should be aware when we hear these terms used by fraudsters, searching to lend legitimacy to their cause. Prime Bank programs often claim investors “funds will be used to purchase and trade Prime Bank financial instruments,” but never existed and the people lose all their money.

5) Bank Fraud

Well's fargo counterfit cashier's check

Well’s fargo counterfit cashier’s check

 Using fraudulent means to obtain money from bank depositors, that represents financial or bank institution, assets, or other property owned or held by a financial institution is called the Bank fraud, and is a criminal offense. A particular banking fraud law can differ in various jurisdictions, in specific elements, and the term bank fraud applies to actions that employ a scheme or a clever or artful skill , as opposed to bank robbery or theft, thus this scam is sometimes called the white-collar crime.

6)  Phishing Scam
Phishing Trusted Bank

Phishing Trusted Bank

Phishing is to attempt to acquire information such as usernames,passwords, and credit card details and oftentimes indirect money scam, money by masquerading as a trustworthy entity in an electronic communication, and convey, imply, or profess to have an appearance or effect. Phishing is usually carried out by instant messaging and e-mail spoofing and it often directs users to enter details at a fake website whose image or site are almost identical to the legitimate one.
7) Lottery Scams
Lottery-Ticket-

Lottery-Ticket-

Lottery sweepstakes scams

Lottery sweepstakes scams

Also received from e-mails informing the ‘victims’, that they won ‘million of dollars’ from an “international lottery”. The message usually will tell you that you have won the lottery. Then it will come to your mind that you never bought or joined any lottery games. They will indicate in their email to you that your “email address” was chosen online lottery. Clever, isn’t it?
8) Taxi Scams
Taxi scams, Bangkok

Taxi scams, Bangkok

Yellow cab Istanbul scam

Yellow cab Istanbul scam

 Taxi scams is everywhere in the world. Some taxi drivers, pick up innocent strangers to the city, tour them around pretending they don’t know the address where the passenger supposedly be dropped. After a few minutes of “tour”, the driver finally deliver his passenger to his destination and overcharge the poor passenger. If you are new to the city, maybe you can ask your hotel to get taxi for you, or if you are at any point of the city, then ask for assistance to proper authorities before boarding a cab.
10) Scams in Malaysia , Thailand, China, Indonesia
Gems Scams in Malaysia

Gems Scams in Bangkok, Thailand

Gem Scam in Bangkok, Thailand scam usually takes place around the Grand Palace. The scam works with other products, too, such as gold, silver, silk or whatever you are interested in. The drivers get a commission from the shop owners if the customers buy something.  
Tuk Tuk taxi, Bangkok

Tuk Tuk taxi, Bangkok

Many Nigerians are residing in Kuala Lumpur, Malaysia and operating scams.
Hong Kong and China Travel scams
Fake iPhones in China scams

Fake iPhones in China scams

fancy jewelry

fancy jewelry

fancy jewelry

fancy jewelry

Commonly your tourist guide will bring you to Jewelry factory, Jades is the famous gems produced in China, but be careful, those are fake gems . Of course the tourist guides or any taxi drivers in Hong Kong and China (mostly in Shenzhen) which is the border crossing of Hong Kong,  will have their commissions collected.

11) Pips Scams
Bryan Marsden pips

Bryan Marsden pips

The Australian Securities and Investments Commission (ASIC) and Bank Negara Malaysia (BNM) began an investigation in September 2005, in a scam called (PIPS) Or People in Profit System, and this Pips Scam is run by “famous couple scammers online, Bryan and wife Sharon Marsden. The Pips Scam, is based in Malaysia and marketed heavily in Australia and can be found in most investors online forums. The Australian authorities have been giving warnings to all investors and the public about this scam online. It uses many names such as Pips, Pips Inc, People in Profit System, Private Investments Profit System, Pure Investor and PIPS Financial Services an many more. The potential investor are required to invest or pay $450 to PIPS, with the promise a 180 days period of interest on your payment of 2% daily. If this $450 payment was compounded for a normal annual trading, then the amount would be $500,000. And the high risk stocks can get a range of 20% to 25% annually. Contact authorities at info@bnm.gov.my, if ever you are a victim of this Pips Scam.

12)  Hacked Credit Cards

Credit cards (Visa and Mastercard)

Credit cards (Visa and Mastercard)

The credit card processor Global Payments suffered a massive security breach, in which intruders made off with thousands or million of credit card numbers from numerous card issuers worldwide. This scam story is still developing and still in debate, and the hows and whys of how the card numbers were lost will be debated for years. Every card holders are advised to be careful using their visa or master cards and be cautious in dealing with other people whom you less trust.  The Global Payments is a credit card processor, and they are one of the firms responsible for handling your credit card transaction every time you swipe your cards. These card processors are the common targets of attacks, because they handle transactions for the banks worldwide.

13) Work At Home Scams

A work-at-home scheme is a scheme get rich quickly, in which a victim is lured by an offer to be employed at home, very often doing some simple task in a minimal amount of time with a large amount of income that far exceeds the market rate for the type of work. But in truth, the purpose of such an offer is for the perpetrator to extort money from the victim, by charging a fee to join the scheme or membership fees, or requiring the victim to invest in a resale value of misrepresented products .

Work at home ad

Work at home ad

This is the 49GetMoney.com website, January 15, 2007.   You can see the links, if you insist then go to their website right now, click here .  But it has framed with a warning, but we recommend you do not enter any information on it! Close this window when you are finished, to return to our review.

14) Foreclosure  Scams  or Real Estate Scams

Foreclosed home

Foreclosed home

Foreclosure Assistance Scam one– The Paid Professional Negotiator Scam or the scammer, usually act as the liason officer between the buyer and the “financing”. These “financial consultants” persuade their “buyers” or victims, that they will handle the creditors and the banks, and you can pay an “initial payment” for the “processing period” (but you get nothing and you are scammed).

Foreclosure Assistance Scam two- The Falsified Bankruptcy Filing, then they will promise you everything , that the “foreclosure order: will be stopped, but only in a short period. Then too late to realize that you are a victim of Foreclosure Scam, and cost your credit card huge amount, court fees which the liason will tell you “they forget to inform you the date of court appearance”, the money you have paid them and your home.

Foreclosure Assistance Scam three- Bait and Switch, However, you still hope to win back your house, and while signing the “new contract of 4% loan, and think that the payments is low , but unaware ‘you have signed over your title’, which is the most common scam, because it looks very realistic. Be sure you have your lawyer before signing any paperwork. Golden Lenders has helped many houses from foreclosures in Denver, Colorado.

Foreclosure-Properties

Foreclosure-Properties

15)  Nigerians Scams

Nigerians Scam and Black money scams

Nigerians Scam and Black money scams

Black-Dollars, black money scam sometimes also known as the wash wash scam is a scam ...

Black-Dollars, black money scam sometimes also known as the wash wash scam is a scam

The black money scam, or known as wash wash scam where con artists work attempt to obtain money fraudulently  from a victim by persuading the victim that piles of banknote-sized paper in a trunk or a safe is really money which has been dyed black or another color (e.g. to avoid detection by customs). Then they persuade the victim to pay for chemicals to wash the “money” with a promise that he will share in the proceeds. It is also known as the “advance fee fraud” where there are variation of black money scam.

African email fraud

African email fraud

Nigerian SPAM mail spam scams Nigerian spam Nigerian scams Nigeria.

Fake Passports

fake passport (image credit:www.scamwarners.com)

fake passport (image credit:www.scamwarners.com)

 

the scam artists hide behind untraceable email addresses, sending their scam letters from pay-by-the-hour Internet Cafes. The governments of Africa are generally in a survival mode, with little interest in dealing with some Internet scam artist in a local village. There are always bigger fish to fry. West African government and business officials about their perception of these 419 scams. They have expressed amazement that anyone could be fooled by the  empty promises contained in emails from a stranger in Africa. In their eyes, the culpability goes both ways. “Who could be such a fool to give money to someone they have never met?” This is a valid question for all of us to ponder.

16) Identity Theft

Frank_Abagnale_(cropped)

Frank_Abagnale

Frank William Abagnale, Jr.   is an American security consultant known for his history as a former confidence trickster ( attempt to defraud a person or group), check forger, impostor, and escape artist. In the 1960’s, he became notorious for passing $2.5 million worth of  forged checks across 26 countries over the course of five years,  he was 16 years old when he began being an impostor or identity theft.

Albert Gonzalez, computer criminal and hacker and credit card theft

Albert Gonzalez, computer criminal and hacker and credit card theft

Identity theft is a form of stealing or “using” someone’s identity in which someone pretends to be someone else by assuming that person’s identity or impersonation or identity fraud.

Dating scammer James Ramos (image credit:dating-scam-report.com)

Dating scammer James Ramos (image credit:dating-scam-report.com)

  • Scammer First Name: James
  • Scammer Last Name: Ramos
  • Country: Ghana
  • City: Achimota
  • Scammer E-mail addresses: jamluv_23@hotmail.com

Dating sites online is now the most common target of Scammers, using stolen photographs from users of Facebooks, Yahoo Messenger, Twitter, etc. These scammers will befriend you, and later on they will “fall in love with you”, and ask you if she could go to your country to be with you. And finally ask you to send them Money Orders or ask you to deposit them into her bank account and then wire the money to them through Western Union. The money she needed is intended for her passport and documents processing so she could go to your country. These pictures are “stolen” pictures to use for their crimes and lure their victims, and their main goal is to get your personal information, Credit card numbers, ATM accounts details and pin numbers as well. If you are searching for a lifetime partner via online dating site, then just be cautious that they are legit members of the sight.

17) Mobile Phone Phishing/Vishing

Phishing Scams, internet, mobile phones email scams

Phishing Scams, internet, mobile phones email scams

Phishing is the most discussed and pervasive  Internet graft, to high profile victims, such as PayPal, and its incredibly diverse methods. Phishing is traditionally called as an e-mail scam, the trouble has grown to incorporate seemingly infinite forms of attack, which can be stressful, intimidating and confusing.  Scammers usually used “legitimate letter of request appearing to be from reliable sources such as stores, news outlets and banks, to obtain the personal information they need to steal, and bait unsuspecting targets. The person who perpetrates a crime is the Scammers, specifically target data, such as social security numbers, passwords and bank pins, that can be used to access bank and credit card accounts, resulting in identity theft and stolen funds.

Google ViddyHo worm

Google ViddyHo worm

Google’s GoogleChat has hosted the ViddyHo worm phishing scam.  Most of the users online using the chat services, received messages from their “friends online”, and prompt them to check out this link. Then the “victims” are given instructions to go to ViddyHo Website, asked them to “log in” at the Google log-in information. When your personal information is divulge, then the “worm” spreads out to every victims in the lists. So be careful in checking links from people who are not close to you, and avoid giving personal information to sites you are not familiar with.

Vishing scams on mobile phones

Vishing scams on mobile phones

MobileMe Apple e-mailPop-up window phishingPhishing on Twitter“Vishing“, Parking ticket scam and many more scams on the internet.

18)     Airline tickets

MAS airline ticket with stolen passports of Kozel Maraldi (image credit:cnnespanol.cnn.com

MAS airline ticket with stolen passports of Kozel Maraldi (image credit:cnnespanol.cnn.com

Be aware for any ticket messages from airlines, including major airlines, if you purchase an Airline ticket such as JetBlue, Frontier Airlines, and US Airways. You will receive and E-mail saying that your credit card has been used to purchase a ticket contained in an attached Zip file. If you open the file, your computer will download malware that can be used to steal and have access to your personal information such as credit cards, debit cards, ATMs etc. Just in case you receive an e-mail like this, contact the proper authorities and delete it immediately,  if you have already opened your email.

Airline tickets purchased by hacked credit cards

IRS Tax Refund Scam

19)    IRS tax refund scam

example Form 1040, for 2005 tax year

example Form 1040, for 2005 tax year

W-9, Form for 2005

W-9, Form for 2005

The come-on: You’re getting a tax refund from the IRS. Woohoo, free money! The scam: The e-mail, which comes from “tax-refunds@irs.gov,” provides a link to a page asking you to fill out a special form with personal and financial information. In reality, the IRS will never solicit this kind of info, and you don’t have to fill out anything more than your normal tax forms to get the refund. What you can do: Delete the message. If you feel like maybe you deserve the refund, and have questions about it, contact the IRS at 1-800-829-1040 . They’ll tell you all you need to know.

20) Pickpocketing  scams

common travel scams on holidays in Asia, Pickpockets

common travel scams on holidays in Asia, Pickpockets

Pickpocketing is a type of lacerny ( acquiring other person’s personal property by stealing) of money or other valuables from the person or the pickpocketer’s victim without their noticing the theft at the time. It requires considerable dexterity or small muscle movements which occur in body parts such as the fingers, usually in coordination with the eyes and a knack for misdirection. A thief who works in this manner is known as a pickpocket.

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