The fraud tag has no wiki summary.
2
votes
1answer
70 views
Is Tradeking collecting too much information when I open an Roth IRA?
I recently signed up with Tradeking a Roth IRA account. During registration, I entered my home address DOB and SSN. I was ok with it. But then Tradeking started sending me emails (1) the first one ...
2
votes
1answer
80 views
Account with Natwest compromised. Will I get a refund?
Someone from Cambodia, has managed to withdraw over £500 from my account about 36 hours ago. I just found out now and been on the phone to Natwest fraud team. They say they will get back to me within ...
7
votes
1answer
150 views
How to create a college savings account for a kid without his mom being able to tap into it?
I am divorced with 2 kids. My mom wants to setup a college savings account of some type for my older kid. Last time she did this, she used my kid's SSN and deposited some money. I do not know what ...
4
votes
3answers
453 views
What's my risk of buying a house for a friend and sell back to him?
I'm in a situation and need some advice. A friend of mine is in the middle of Chapter 11. He asked me to help to buy his house and in a few months sell back to him, so he can force the bank to lower ...
3
votes
3answers
203 views
Fraudulent Options, and Losing Money
In Batman The Dark Knight Rises, Bruce Wayne's account gets drained by fraudulent option buys that expire quickly. Is it possible for fraudulent options to be reversed?
3
votes
2answers
125 views
Is there such thing as a Checking account requiring pre-approval / white-list?
Since account numbers are re-useable for fraudulent transactions, anyone you write a check to has the opportunity to print their own check with your account number on it.
One way to help reduce the ...
11
votes
5answers
2k views
A merchant requests that checks be made out to “Cash”. Should I be suspicious?
My barber accepts only cash or checks made out to "Cash".
Is there a likely legitimate reason she might want the checks made out to "Cash"? Or am I helping her hide her revenue from the IRS?
13
votes
6answers
3k views
Legitimate unclaimed property that doesn't appear in any state directory?
I received a letter from 'Legal Claimant Services', a division of Keane claiming that my recently-deceased father has some assets in a Georgia bank. Of course, for a fee, they would help me recover ...
13
votes
5answers
984 views
Cashing a fishy cheque addressed to someone else
I agreed to cash a cheque for someone I don't really know. In hindsight, this was very stupid, but now I need to figure out how best to get out of this situation.
We both endorsed the cheque, it ...
8
votes
2answers
427 views
How can I determine if a debt consolidation offer is real or a scam?
A friend of mine recently attempted to go though debt consolidation. He received a phone call and was offered really good terms to consolidate his current debts. A promise was made that the company ...
1
vote
1answer
65 views
contact information for Experian fraud
Someone managed to get my credit card # and ordered a credit card report from Experian. I've called the credit card company + have a new card with a different number on the way, but I need to talk to ...
2
votes
1answer
74 views
Do “safety cheques” really provide added security and reduce fraud?
I came across an article/advertorial, in print, describing the virtues of safety cheques. Safety cheques are purported to be a good tool for fighting cheque fraud. The features of the cheques ...
10
votes
3answers
338 views
Someone has my check: any risks?
Some time ago I found a room to rent in another city (via Craigslist). I talked with the lady renting out the room on the phone and after we made a deal I sent her a half of the month rent ($375). Not ...
5
votes
2answers
314 views
I unknowingly bought pirated software and now the original developer wants to offer me a deal. Should I go for it?
I've bought software from a vendor for $299. It turned out that the vendor had no right to sell this software - he essentially bought a single license from the original developer, setup a website ...
4
votes
5answers
332 views
What is a good way to keep track of your credit card transactions, to reduce likelihood of fraud?
I hear of scams where people take your credit card number and then just occasionally take out $20 here and there. On your statement it'll just look like something innocent to make it look like a trip ...
10
votes
1answer
125 views
How do I freeze my credit?
If freezing your credit is a better way to protect your identity and the associated credit that goes along with it, how do I freeze my credit?
8
votes
3answers
2k views
Is transferring money in multiple small transactions dangerous?
I've got a transfer limit of 1k on my account at a bank. At one point in time, I wanted to transfer a larger sum (upper 4 digit range) from this account to another account at a different bank. To work ...
16
votes
6answers
2k views
Can't the account information on my checks be easily used for fraud?
My Bank of America checks contain my routing & account number, which I've used in the past to make purchases online, among other things. Anyone whom I pay with a check has this information. It ...
8
votes
2answers
520 views
Am I liable for ATM skimming? (Bank of America claims $0 fraud liability)
I've been reading that ATM skimming is a fast-growing and lucrative crime and consumers should be very careful. Normally I think the customer is limited to $50 liability if they report in 2 days, and ...
14
votes
5answers
253 views
What strategies could be employed so as to avoid identity theft and credit card frauds?
Other than getting a credit card with a minimal limit and using it exclusively for online purchases, what other strategies could be employed so as to avoid identity theft and credit card frauds?
5
votes
1answer
143 views
Could my insurance company be giving my healthcare providers kickbacks?
This may seems like a far-fetched conspiracy theory, but this has happened to me twice now... Scenario goes like this: My insurance policy covers X but not Y (or X has a lower deductible than Y). I ...
12
votes
2answers
708 views
Need advice recovering money lost due to credit card fraud! Bank wont help!
I was recently the victim of credit card fraud. My number and some of my info was compromised and subsequently used to run up about $500 worth of online charges within a week's time.
This was on my ...
7
votes
3answers
167 views
Is there a website that lists the latest financial scams, similar to Snopes.com for urban legends?
It strikes me that if we, as a worldwide or nationwide community had a repository into which we could list our negative experiences or fraud, we could alert others in advance of them themselves ...
9
votes
3answers
140 views
What should I be doing to protect myself from identity theft?
You see ads all over the place for services that purport to protect you from identity theft, but my gut tells me that most of these are at best marginally effective and at worst outright scams.
Are ...
8
votes
3answers
235 views
What are the most common types of financial scams to look out for, as an individual investor?
We've probably all heard of the Ponzi Scheme, made famous first by Charles Ponzi and most recently by Bernie Madoff:
In March 2009, Madoff pleaded guilty
to 11 felonies and admitted to turning
...
