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2
votes
4answers
117 views

account number/password/username/full name?

Someone in another state asked me to be his personal assistant. From the start I was suspicious. He said he was doing a lot of projects in my state and needed my help. Then he said he needed to ...
2
votes
1answer
118 views

How can I report pump and dump scams?

I recently received a mass-mailing purporting to be a free introductory issue of an investment magazine, but consisting of hyperbolic, untrammeled promotion of a penny stock. In other words, it ticked ...
0
votes
1answer
209 views

inheritance transfers from the world bank in uk

My girl friend says she has paid the tax on 3.6 million us dollars and is now waiting for a code of transfer from the world bank to be able to transfer funds to any account in the world. It requires ...
3
votes
2answers
132 views

How to protect yourself from fraud when selling on eBay UK

I have my Mid-2013 MacBook Air up for sale on eBay, and have already had to go through resolution processes after previous auctions were won by obvious scammers (fake PayPal emails, etc.) What I want ...
3
votes
1answer
106 views

What steps or checks should I do to see if a lending company that cold-called me is legit? Too risky?

A few days ago I got a call from company asking me if I have any outstanding debts and saying they can help me with my debts. Well, I don't have any debts; though I use 3 credit cards, I always pay ...
0
votes
2answers
85 views

What are some way to decide if a e-commerce site is reliable?

I am planning to travel to US for holidays, and my friend in US told me that gift card from mygiftcardsite. Here's the website, and here's where you can register/view your transaction details. Truth ...
3
votes
1answer
3k views

$1147.99 lost on Entropay.com

I wanted to buy a laptop from http ://shop. lenovo .com but it turned out they were not accepting my card, so I went on to the website http ://ww w. entropay .com. This website, as it mentions, ...
4
votes
1answer
411 views

How do share dilution scams make money?

The wiki article on share dilution scams says A share dilution scam happens when a company ... repeatedly issues a massive amount of shares into the market (using follow-on offerings) for no ...
0
votes
1answer
111 views

Reasons behind a large price movement of a penny stock without any recent news releases?

Sometimes I see penny stocks on the Yahoo! Finance page move by about 100% in a single day. For example, this stock shows a 91% gain on 10-Jan-2014. By browsing the news reports, I cannot see ...
9
votes
1answer
394 views

Can a foreign bank manager name me as the kin of a deceased customer if I don't know the person?

A few days ago, someone emailed me and said he is the branch manager of an overseas bank. He asked me to join him in an agreement. He has a deceased customer who is a citizen of my country and who has ...
4
votes
1answer
226 views

How can OTC scams affect you?

I learned a hard lesson today, and fortunately it wasn't that bad. I invested a few thousand dollars in a penny stock carelessly (via ETRADE, with the intention of doing a short term trade, or a day ...
4
votes
1answer
173 views

Do I have to pay the Internal Revenue Service in West Africa in order to transfer a government check from West Africa to a US bank account?

If you have a government check from West Africa and want to transfer the money to a United States bank, do you have to pay the Internal Revenue Service in West Africa before you can transfer you money ...
6
votes
2answers
366 views

How to find out if a company is legit?

I'm from Sweden and considering opening a "Internet" company on Cyprus with a (valid EU VAT number), because of better tax benefits compared to Sweden and the UK (where I have other companies). I've ...
13
votes
1answer
402 views

Indicators a stock is part of a pump and dump scheme?

What are the indicators that a stock is currently being pumped for a later dump? If one were watching the market what would they need to look for in order to identify a stock as a victim of pump and ...
3
votes
1answer
61 views

How do online referal systems work?

There are sites on the internet which promise to pay money for just referring traffic. How trustworthy these are and what are their sources of income? Are these sites worthwhile to consider for ...
3
votes
3answers
314 views

How can I tell if a forex signaling service is legitimate?

I hope this question is within the scope of this site. We are considering using a signaling service. Is there a way to know if an internet site is a legitimate service or just a fraud? In particular ...
11
votes
1answer
2k views

Is this reply promising a money order and cashier check a scam?

Lately, I have been tied up with my moving soon, among others. I got a reply from my ad for moving sale at craigslist, the author of which claims to be currently living on the other side of Atlantic ...
4
votes
5answers
632 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 ...
4
votes
1answer
624 views

“Debt Settlement Order” Text Spams – How do they work?

Apologies if this is too off-topic. This seemed like the closest-fit SE site for this A lot of people will have at some point received a spam text offering some sort of help via a debt settlement ...
5
votes
4answers
241 views

Is Prepaid Legal a legitimate company?

I've just seen a recruitment video for Prepaid Legal. The company sells, essentially, legal insurance - a prepaid service that covers potential legal fees. Their marketing strategy, though, reads ...
16
votes
10answers
562 views

What warnings would you tell a friend about to enter a multi-level marketing (MLM) business venture?

Imagine you had a friend who was about to join a multi-level marketing (MLM) business, despite your advice to the contrary. Another friend or family member had already convinced them the opportunity ...
16
votes
7answers
4k views

Why is the fractional-reserve banking not a Ponzi scheme? [closed]

Operating a Ponzi scheme is a crime which I suppose has some sort of definition in the penal code or criminal law. It is a fraudulent investment operation that pays returns to separate investors from ...
22
votes
3answers
29k views

Is the “Bank on Yourself” a legitimate investment strategy, or a scam?

There seem to be a lot of advertisements by "Bank on Yourself", promising to show how you can invest in a certain type of life insurance policy. Is this really a legitimate investment strategy, or ...
7
votes
3answers
203 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 ...
8
votes
3answers
356 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 ...