Eight Ways You Can Be Scammed in 2013

Let me start with a story of how I was scammed. I received an e-mail about a telecommunication site. The information promised to help me start making money if I only bought the software that generates e-pin for the voucher the telecommunication firm sells to people.

I paid money for the software and haven't received the software till date.

What did I do wrong?

One, I refused to investigate the authenticity of the e-mail.


I could simply have made a call to their customer service (telecommunication firm) to determine if the person providing the information is truthful or not. A simple call would have prevented me from being scammed. This is one simple way to avoid being scammed online. This is why it's important you work toward verifying the authenticity of an offer before going for it. This way you would have decreased the possibility of you being scammed.

On the surface a scam may appear to be genuine, just as I thought the website I was dealing with was genuine.

I thought I was too smart and hence never knew that I could be scammed.

This therefore has taught me a lesson that being scammed is not only about the greed factor but also about lack of information.

In order to bridge this information gap I decide to write this article on the

8 Best Ways to Lose your Money in 2013

Before I list the scams methodology, I want to say that the act of losing money to scammers or con-artists can be a harrowing experience that leaves a sour taste in the mouth of victims. This is because the act has the ability to degrade the mental health of victims and also in some case lead to their eventual death.

According to UK cards Association Fraud losses on UK cards totaled £388 million in 2012, showing a 14% increase from total fraud losses of £341m in 2011.This shows that the number of people who have been scammed online has reached an alarming rate.

From the infograph shown below, which was published on http://ansonalex.com/infographics/internet-scam-statistics-2012-infographic/#infographic you can see that this dangerous trend if not put in check, can continue to put billions of dollars into the hands of criminals with its attendant devastating effect on the populace.

Please include attribution to BackgroundCheck.org with this graphic.

International Internet Scam Hotspots

It is in view of this damaging revelation and my personal experience; I did a little research and came up with

8 ways to be Scammed of your Money in 2013.

From the research I carried out, and based on interview have made to known victims. This scam will become entrenched in the year 2013.
Therefore the information provided below will assist you to avoid becoming a victim of these fraudulent schemes in the year 2013.


The Telecommunication Scheme:

How do they work?
A subscriber is sent a text message. The promises of I-pad, money and other freebies are used to lure the victim. The victim is then told to pay some money as processing fees/courier services in order for the good to be delivered to the person's destination. Money could be sent in form of recharge cards. After payment is made the scam artist switches off the phone or rejects the call.


Offshore Investing:

Mode of operation: The investing public is promised a safe tax haven inform of reduction in taxes or elimination of taxes all together.

The individual is told to provide money so that the organization can open an offshore account account for him or her in places like Belize and Switzerland.

At the initial stage, there is usually free flow of communication and this continues until when the scam artist has succeeded in convincing you to part with your money or has been able to scam sufficient number of people.

At this point communication seizes, and the victim is left to cry and shed tears.


Oil jobs Recruitment Scam

Mode of operation: Consumers are usually contacted by phone, e-mail or text and are then offered a job with any of the major oil companies such as Chevron and Shell. When a positive response recorded an interview date is communicated to the “would-be victims”.

The “would-be victims” are then told to pay money for the recruitment form and hotel bills if they reside outside the state.


The Scholarship Scheme

Modus operandi: The scam adverts are placed in national newspaper, universities and through the online medium.

The promise of scholarship is used to entice intended victims.

Individuals are then told to sent a text to a short code that could cost 1$ to 5$.On sending the code, you eventually receive a response informing you that you have qualified for a raffle draw. The raffle draws are never conducted and when conducted prices or the scholarship is not given.


MLM Scheme/Scam

This scheme is one of the world oldest scam. Victims are told to subscribe to a multi-level marketing scheme with no product to promote. Having bought into the scheme you are told to invite people into the scheme, after a period of time the scheme folds up and you lose your money.


PLR Scam/e-books scam.

In this scam victims are told to buy e-books that would provide the answers to all their money questions. The books are not actually written by the promoters. The books are Private Label Rights that gives the buyers the opportunity to re-brand the e-books.

However, I want to say that not all PLR are scam. So my advice is that before you buy a book you should do a following:

- Check out to see if the comment section of the blog is ACTIVATED.
- If comments are allowed, listen for feedback from the blog; are the feed-back positive?
- Google out the book. This is so that you can know if someone has said anything negative about the book.

With this information you would be able to reduce your risk of being scammed


Bulletin Board

Mode of operation: Anonymous person claim to have insider information into a company.
They pretend to reveal insider information about new products or mouth-watering contracts.

Though some of these bulletin boards like Raging Bull and Yahoo! Finance publish useful Post, fraudsters have also permeated these boards employing the pump and dump scheme. In this scheme a small group of informed people may buy a stock before recommending it to their investors. This small group of people then sells of the stocks when the price has peaked.


Newsletter Scam

Mode of Operation: The fraudster constructs a fake website that publishes information about stocks.
Some companies even hire people to write contents for them to promote their stocks.
While this may not be illegal, Federal Security laws requires the disclosure of people who paid them, the amount that was paid and the kind of payment made.

However, this is not usually done by these fraudulent websites. These website also employ the pump and dump techniques which I discussed earlier under the bulletin board.

Note: Reputable brokers and traders do not give wonderful tips freely. They usually require you pay them for their services. So it’s advisable you watch out for those sites proposing you buy so and so stock. It is likely it is scam as they stand to benefit if they are successful in convincing you to buy.

How to Know they are Scam

- Check out if the e-mail provider is one of those free services-you have to be careful here because con-artist who gets people contact details through uploading of virus also send this kind of mails. If the mail comes from a free service, then they are most likely scam.
- Secondly they mostly use capitalized letters in order hoodwink you.
- Thirdly they also promise huge results with no risk.

6 Common features of Most Online Scam

1. The mail or blogs contain Spelling Errors:

The language structures are usually incorrect since most of the times these fraudsters use language translational service to convert one language to another

2. They use free e-mail providers to send newsletters.

These free e-mail providers include g-mail and yahoo. They use them to send even scam mails to the unsuspecting public.

3. Communication is usually done anonymously:

Since they do not want to be traced, they usually hide their IP address or they use fake IP address.

4. They deploy Bulk Sms service. 

They use these services to send scam text and fake lottery rewards.

5. No physical Address: 

If the company doesn’t list their physical address on their site, then it’s highly probable that the site is scam.

6. Use of Western Union
Western Union and MoneyGram are two of the mostly used channels to defraud people since the transaction are difficult to trace and almost impossible to reverse.

Do you know of any other ways or channels scammers usually deploy to defraud people? If you do, please share the information with us in the comment box.


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