Questions tagged [fraud]
For questions related to fraud awareness, prevention, and resolution.
334
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How does SIPC insurance help a small investor with a fixed portfolio that is currently down below original value?
If your original portfolio was worth $500k started a year ago but the same amount of shares holdings is currently only worth $350k, does it mean you are insured at most $350k? Or all of the stock ...
0
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3
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118
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Can a single file tax as "married file jointly" to take advantage of more standard deductions?
Can a single file tax as "married file jointly" to take advantage of double the standard deductions? Why or why not?
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81
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4
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80k
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Someone wants to send me cash by DHL. How's this scam supposed to work?
This raises a bunch of red flags (also confirmed by googling the email address it came from), but I don't quite understand how this scam is actually supposed to work. So, here it goes:
I put up an ad ...
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0
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3
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285
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Confirmation email and shipment sent for order I did not place - but not charged for it?
I received an order confirmation email completely out of the blue recently, thanking me for a $200 purchase of CBD gummies. This was not caught by a spam filter and went to my regular inbox. See below,...
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1
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Bank loan related fraud in India
I am asking this question on behalf of an Indian friend of mine.
My friend (A) is planning to sell a house. The prospective buyer (B) will take a bank loan to buy the house.
Now B suggests that an ...
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16
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5
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5k
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A paid website subscription subscribed me on two additional paid websites without my consent. Do I need to do more than cancel on those websites?
I am hoping someone can help me determine if I was scammed (and need to cancel my card). My gut says scam but I want to be sure.
I was trying to obtain a PDF textbook by signing up for a free trial on ...
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2
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5k
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I received a seemingly legitimate welcome email for a bank account I did not open. What do I do?
I received an email which was apparently from Sun Trust Bank. It was welcoming me to their online services. I have not signed up for such services.
I looked at the following data and it appears ...
2
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1
answer
160
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"Check" created from multiple overlapping checks
I use Bank of America and wrote a check for rent in September this year for an amount of $2850. I turned in the check physically to the landlord and the amount was drawn from my account normally, but ...
- 148k
14
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1
answer
5k
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How to fight an unemployment tax bill that I do not owe in NY?
Back in the summer I received a tax bill saying I owe money for unemployment, but I do not as I never filed it. It's most likely fraud claim under my name or company.
Below are the redacted documents ...
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20
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7
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7k
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How can a retail investor check whether a cryptocurrency exchange is safe to use?
In the wake of the ongoing FTX debacle, I wonder the following: How can a retail investor check whether a cryptocurrency exchange is safe to use, at least minimize the risk?
By safe, I mean no losing ...
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34
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5k
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Can I notify a card-holder or their bank that their card is being used fraudulently?
I'm an online merchant based in the USA, and I received an order that failed my fraud checks. I believe the "customer" is using a credit card that doesn't belong to them. I don't want to ...
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Does SIPC protection apply if a brokerage doesn't actually purchase securities?
Suppose there is a brokerage (not like Madoff case), where investors buy ordinary stocks/ETFs (qqq, brk-b orcl or any stock traded on NASDAQ/NYSE, not pink sheet or unlisted) at a time (and never sell)...
- 75.5k
39
votes
3
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15k
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Is it a scam if someone asks for my full name, email, and bank name?
I was approached on Instagram by a painter who wants to use one of my posts as a reference for a painting for a client of his. He said my cut would be $500 and he needs my full name, and bank name for ...
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2
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2k
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Can I trust Zelle to credit my account for added charges?
I listed a dress for $300 on FB Marketplace. The buyer uses Zelle so I set up an account because D said that was the only way she sent funds. She said she sent Zelle the money. So I get an email ...
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1
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219
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Does debit card fraud indicate that I did something wrong?
I'm quite careful with my debit card; I don't enter it on non-trustworthy sites. I just had a fraudulent transaction, so I'll need to get a new card. When I get the new card, do I need to be more ...
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211
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Can I sue the car dealership for fraud if they let my ex finance a car under my name?
About 4 years ago (2018), i was living with my ex and I leased a car for 3 years but under my name only. 2 years later (2020), we broke up but i let her use the car for the last year of the lease. ...
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5
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755
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Trader I met online is asking for more money as a transaction fee to process withdrawal of my gains [duplicate]
I met a trader on telegram and after discussion I was convinced to invest $300 and then after 24 hours I got a message to increase the investment to $500 otherwise trading will not be done.
After 2 ...
0
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1
answer
179
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Why would a credit card company reject a transaction for suspected fraud, but not contact me?
My bank offers a debit card, which I can use to perform online purchases. Recently, I tried to purchase clothing online, but the card was declined. I was certain that I had enough funds on the card, ...
0
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1
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152
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How to vet a gold bullion supplier
In some sense, this question is a general one and not specific to my case.
I am looking to order gold bullion from a seemingly reputable website.
Funnily enough, I've ordered countless things before ...
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36
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3
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6k
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How can I stop fraudulent recurring credit card transactions being forwarded to a new card?
I have a Mastercard credit card issued by a U.S.-based financial institution. Several billing cycles ago the card information was compromised and several hundred transactions were initiated. The card ...
2
votes
3
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506
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Why don't online scammers charge more money to the associated Debit Card?
I got hit with a cleaning service scam where the Facebook group had > 30k likes, positive reviews from real looking people, etc.
They charged me over $200 and didn't provide any service. There is ...
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1
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466
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Are online purchases using PayPal safer than using a debit card?
I have a PayPal account that is linked to my Mastercard debit card, which is linked to my bank account. I usually make online payments using PayPal instead of directly using the debit card. PayPal ...
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what is more to Market Capitalization formula?
I wonder what is more to Market Capitalization formula ?
I am mostly an ETF investor, but follow some stocks with few # of shares and when I look at SPCE about 4-5 years ago its market capitalization ...
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0
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585
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Is COT FEE a Scam? [duplicate]
I read another question about the COT FEE Scam, but what if they're not asking you to log into their account?
I was working with A Private Money Lender & was supposedly approved for a $200,000.00 ...
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1
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2k
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Ali Express and credit card frauds?
A lot of people around me claims that they have been victims of credit card thefts after shopping on Ali Express (one person even claims it happened several times). I am very sceptical to this because ...
0
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1
answer
109
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Does it matter how long an apartment is gifted to a child to cause any tax liability by the IRS?
If we choose to gift an apartment of ours to a child, can they gift it back to us in a few years without them and us having to owe any tax for any reason? If so, how much time is the minimum that the ...
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4
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2k
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How can someone hack our bank account?
Can someone hack and withdraw money from my bank account if they have my full name, bank name, last four digit bank account number and my phone number. Yes or No, Please explain why?
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34
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5
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9k
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Credit card replaced due to fraud, new card has exactly the same information as the old one. How does this address the fraud risk?
My credit card company detected fraud on my account. They contacted me about this fraud, we identified fraudulent charges.
I was also told my current cards on the account would not work and I would be ...
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Did the Hospital Mis-Bill My Insurance Plans?
Some months ago, I received treatment at a hospital in New York City. While I was there, I provided them with the insurance information for two plans under which I was covered.
Company A sent me an ...
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2
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Is remote card scanning (contactless payments) a viable attack for fraudsters? Has it been done?
With the advent of contactless payments there are people who are afraid that this could be used to steal their money remotely without them even noticing. I used to be in that camp too until the ...
- 148k
2
votes
2
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2k
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Has my credit card been compromised?
Last week a noticed a $598 charge from build.com. I doubled-checked that I had not purchased anything from them or their network of stores. I was prepared to dispute the charge as soon as it was no ...
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2
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284
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My Schwab 401k account has been emptied inexplicably, can I get my money back?
Today, while I was preparing my 2021 tax, I was checking my 401k account and shocked that my account is empty. Somebody sold my ETF holding and transferred out on Sep 01 2021. It's Saturday, nobody ...
2
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2
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329
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How can fraudsters set up believable foreign accounts?
I often read of the risk of wiring money to a fraudulent recipient. For example, on a real estate closing, a common scam is to trick the buyer into wiring the closing costs to an account belonging to ...
- 255
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0
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163
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How can I confirm ownership of shares in a stock?
I purchased Rivian pre IPO shares with my stock holding of Starlink pre IPO. The company has since floated in the US. There was a lockout period before I could sell. However my broker (Scott Sorensen ...
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31
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2
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6k
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Why is my bank unable to track a direct transfer I made to another (fraudulent) account?
I was the victim of a scam. The scammer posed as a person I wanted to do business with, and I was tricked into sending money from my bank account to another bank account using an account number and ...
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1
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325
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Reported defect, received refund, do not want to return item [closed]
I reported to Graco that the lock down latch system was broken on the base of my car seat. This is the information that was given to me by my child's father. Graco issued me a refund and sent me a ...
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3
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0
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187
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Are there any legal risks/implications of this indirect gold purchasing process
Setup:
My wife and I live in UK. My In-Laws are UK expats currently living in Switzerland.
They are investing some of their savings into Gold Bullion. (not interested in any assessment of that ...
- 125k
2
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1
answer
524
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Received a check in the mail, realized a day after depositing it that it was a fake
About a week and a half ago, I received a check in the mail. I stupidly deposited it and contact my bank, the fraud department and signed papers a day after doing so. I am receiving few answers from ...
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4
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8k
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Victim of being used as money mule. What should I do next?
Between June-July 2018, an Instagram page called 247cashouts messaged me on Instagram asking if I wanted to make some extra money.
He told me the way it would work is; he collects money from ...
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-3
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1
answer
378
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Why are older people more likely to be a victim of romance scammers than young people? [closed]
I have this curiosity. Statistics show that most people who are victims of romance scams are middle aged or elderly people(and female) but younger people rarely fall for this kind of fraud. Young ...
- 75.2k
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vote
1
answer
360
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Someone tries to use cancelled card
In the UK, a debit card is stolen and the card's owner cancels the card. The thief tries to use the card for a contactless payment, but it is declined.
Would the bank have a record of this?
Would ...
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3
votes
0
answers
180
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Internationally issued Visa Credit Card fraudulently used in the US, possibly because merchant bypassed card security features. What are my options?
My internationally issued credit card was stolen, along with a lot of my personal items in the US. There was also a Apple credit card issued in the US that were stolen, but the fraudulent charges were ...
- 7,885
9
votes
2
answers
3k
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U.S. tax return fraud after I've already filed
I filed taxes for 2014 months back, got the return, and all was well. Then I got a series of tax return emails over the course of two days (in June 2015) from a different seemingly legit site (1040....
5
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1
answer
1k
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I saw the place and have a signed agreement, might this still be scam?
Note: This is happening in Germany so the relevant document is in German. Translations to English are my own.
TLDR: After visiting a place the landlord and I signed a document "Protokoll des ...
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2
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519
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Mother using my details and committing fraud
I’ve lived with my single mother all my life in the UK. My bank accounts and all details, electoral etc are at the same address I’ve lived my entire life with her at. Growing up, whenever we (my ...
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34
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5
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16k
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My credit card was unexpectedly charged 1$, the merchant wants my SSN and personal data to tell me why, do I risk identity theft?
I received a phone message from my credit union's fraud detection department about a transaction for $1 that raised a flag. I called them back and was given the information recorded with the ...
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2
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313
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Am i being used for bank fraud [duplicate]
I have been speaking to a girl in Nigeria she promised to visit me but but twice didn't show up said she loved me although never met. Asked for money multiple times asked for bank details and says she ...
- 31.7k
3
votes
2
answers
271
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Insurance for my brokerage held investments
This is not about protecting the VALUE of my investments against market fluctuations, stock prices drop ...etc.
What I am looking for is to protect my investments in shares and options that I am ...
CommunityBot
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15
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1
answer
674
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How was someone able to open an account?
A while back I was surprised to see a collections account go onto my credit report for an unpaid amount of a few hundred dollars. I immediately believed it to be a mistake since I had never heard of ...
5
votes
1
answer
5k
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Can my Zelle payment be reversed? [duplicate]
I was contacted by a fraudulent person and I sent them 3 payments under false pretenses. They walked me through the process and instead of receiving money, I sent it. My bank basically stated that I'm ...
