Questions tagged [fraud]

For questions related to fraud awareness, prevention, and resolution.

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3answers
489 views

Bait & Switch Doctor [closed]

I took my two daughters for a “Free Consultation” to an Orthodontist. They said the doctor may need to take x-rays, Panoramics. These are not included in free consultation. I checked with my ...
5
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1answer
2k views

How does this example of fake certificate of deposit fraud work?

This article mentions a method of fraud that yielded $2,000,000 from fake certificates of deposit. That didn’t stop Beane from following the video’s advice and using fake accounts to create $30 ...
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0answers
93 views

To protect against fraud in Canada do I need to go with either Equifax / TransUnion or both?

As per this answer, to protect against fraud, one needs to put a credit alert on TransUnion and Equifax. Isn't it enough to put a fraud alert on just one of them? Why do we need to put it on both ...
8
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2answers
1k views

Someone applied for a credit card in my name - how can they retrieve the card?

Someone used my name, SSN, DOB, and current address to apply for a Walmart credit card. I have confirmed that no one has attempted to forward my mail (yet). I terminated the application within a day ...
11
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1answer
5k views

At what point does a rate bait and switch become fraud?

I'm currently in the process of buying a house. Once the price was negotiated and agreed upon, I solicited quotes from various mortgage brokers. One offered a lower rate than the others, so we picked ...
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0answers
2k views

Danger of criminals having your checking or savings account number

This question is in relation to the recent Equifax breach: I'm less concerned about my credit card number being out there. That gets stolen and used by thieves on average at least twice a year. I've ...
1
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3answers
171 views

Will fraudulent use of my credit card(s) impact my creditworthiness/score?

I am currently in a predicament where I am living in France but most of my credit cards (the ones I don't really use) are back in the U.S. with my parents. I didn't take pictures of the front/back ...
8
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1answer
210 views

Tax implications of long term financial advisor fraud

Our family trusted financial advisor that was entrusted with over a million dollars (over the past 10 years) filed for his company and personal bankruptcy earlier this year. He admits sending out ...
30
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6answers
267k views

Sales tax “trick” while buying a used car; i.e. declaring sale at lower than actual transaction value?

I am selling my car and have found a potential buyer. After I transfer the vehicle ownership, the buyer will have to transfer the vehicle title to himself, and will also need to pay sales tax on the ...
3
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2answers
26k views

How to protect from fraud when giving out CVV

In Australia, it seems like a common practice that when paying for something over the phone, the guy on the other side asks for the credit card number, expiry and the CVV number ! I have never had to ...
0
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2answers
858 views

Am I being scammed?

A friend of mine who recently got involved with some money hooked me up with a person and they asked for my debit card and account information. If you’re getting money transferred to you does that ...
105
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8answers
31k views

Scamming an investor by offering a quick sale of a property at her named price

My mother-in-law was approached by an old friend who she hadn't heard from in a couple of years with a "business proposition" which is almost certainly a scam. I don't really understand how the scam ...
42
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8answers
5k views

How much effort (and why) should consumers put into protecting their credit card numbers?

The more I think about it, the more it seems to me that credit card information is among the least worrisome type of personal information belong to any consumer. If someone's credit card number is ...
5
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2answers
875 views

My eBay account was hacked and a fraudulent listing was made- Scam?

Recently my eBay account was hacked and a fraudulent listing was made, it was for a mobile phone with a sale price of just £12 (about 5% of its RRP) with 10000 units. I received a notification to say ...
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4answers
1k views

Borrowing 100k, paying it to someone and then declaring bankruptcy

What happens if you borrow 100-500k in Australia, pay it to a friend and then declare bankruptcy shortly after? Would your friend need to pay back the bank? Would this be fraud? What would happen if ...
1
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1answer
958 views

Two similiar music chest web shops with the same products and no impressum - both are a fraud? [closed]

I wanted to buy a tiny litte music box as a present for christmas since I discovered an advertisement of this website on Facebook: https://www.musicchests.com/ This is their facebook page btw: https://...
6
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1answer
2k views

How can Ponzi schemes be detected and legally prosecuted?

Out of curiosity: How can Ponzi schemes be detected? What are the conditions to be classified as a Ponzi scheme? What are the legal means to prosecute such schemes? A Ponzi scheme "operator" can ...
6
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1answer
748 views

Can I be charged for a transaction that I cancel on MasterCard SecureCode enabled site?

I have a question about a transaction that "happened" to me a few days ago. I was buying flight tickets on a page that had a Mastercard SecureCode sign next to credit card fields - mytrip.com After ...
8
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1answer
284 views

Is this a form of insurance fraud? Provider charged us less than reported to insurance

We needed an expensive genetic test for our daughter. UCSF hospital suggested a new lower cost provider, and sent the sample in. The provider called us and said they are "unique" in that they would ...
8
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3answers
505 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 ...
1
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1answer
192 views

Credit card fraud resulting in credit card account closure + reopening with a different account number: what's the impact on the credit score? [duplicate]

I live in the United States. One of my credit cards issued by a bank based in the US (namely, JPMorgan Chase Bank) was used fraudulently. I informed my bank, who Informed me they would close my credit ...
3
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1answer
211 views

Is it likely that a London office of a US-based broker will have an SEC Officer 'in-house'?

Is it likely that the London office of a US-based broker will have an SEC Officer 'in-house'? This is in regard to confirming a purchase with the company. The call time was between 3am and 4am London ...
3
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3answers
468 views

I Have A Fraud Problem

Okay, okay so I already know what I did was stupid so please no comments about that, I just need serious and correct answers. I gave my card to a person I kind of knew to deposit money to my bank ...
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0answers
50 views

Credit Freeze - optimal option for a person on student visa in US?

I am an international student who recently moved to the US for studies. I have been reading up on identity theft and credit freezes/fraud alerts. After getting a primary credit card (to build up some ...
12
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4answers
833 views

How should I protect myself from the Equifax breach without making my own life much harder?

The FTC recommends those who may be impacted by the Equifax data breach do the following: Check credit reports at annualcreditreport.com. Enroll in the 1 year of free credit monitoring provided by ...
13
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1answer
2k views

What happens if an identity thief files a fraudulent return for you, but you owe taxes?

For taxes this year I'm going to owe the IRS, not get a refund, and I won't have any W-2 (although my wife will). So I'm curious what would happen if someone used this Equifax breach to file my tax ...
21
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2answers
8k views

Need advice recovering money lost due to debit 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 ...
9
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2answers
413 views

What can a customer do to reduce damage from a data breach?

A larger retailer admitted recently that hackers were able to steal credit and debit card data for about 40 million customers. Reports say that names, payment card numbers, expiration dates and ...
12
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5answers
531 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 ...
6
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3answers
194 views

Is there a surefire way to prevent anyone from opening a line of credit in my name?

With this Equifax thing going down, I wonder: What steps can I take to prevent anyone from opening a line of credit in my name? Is there any surefire way to stop this?
16
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9answers
2k views

Most common types of financial scams an individual investor should beware of?

We've probably all heard of the Ponzi Scheme, made famous first by Charles Ponzi and more recently by Bernie Madoff: In March 2009, Madoff pleaded guilty to 11 felonies and admitted to turning ...
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1answer
164 views

What could someone malicious do with these three piece of information regarding my bank account?

The three pieces of information are: bank account number, my mobile phone number used for online banking and my address associated with my bank account. I am in Germany.
20
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1answer
1k views

Are assets lost in a bankruptcy valued at the time of loss, or according to current value?

For the purposes of claiming a casualty loss in tax filings, can stocks be valued at their current par or is their value only what it was at the time of the loss? My situation is that I have stock ...
13
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2answers
1k views

How do I prevent my ex from making bank and credit card accounts using my son's SSN?

As you may see from the history of my questions, my ex-wife is a financial disaster. Forever out of money, forever on the edge of crisis, forever not wanting to hold down a normal 9-5 job. But show ...
4
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1answer
640 views

Are consumers liable for fraud related to bank account and routing numbers?

There's a ton of information about liability related to fraudulent debit and credit card charges, and even a little about fraudulent checks, but I'm having trouble finding similar information about ...
2
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1answer
223 views

Computer Fraud Related

On 27th of May at around 1:30 P.M. (EST) I tried to order a small toy Online from Walmart. I thought I dialed Walmart Online order 800 number. The person who came to help me, conned me and took over ...
6
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3answers
2k views

Money transfer via western union

I met someone online three weeks ago. Supposedly an electrical engineer from Miami. Went to Lagos for one week to do an electrical job. Now is in Dubai to sign contract on another electrical job. ...
0
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1answer
338 views

A friend received receipts from visa transactions, but her name was forged to obtain the card

My friend's husband has a long history of forging her name to obtain credit cards in either her name alone, or for joint account cards. He never gives her the cards or their numbers, but racks up ...
5
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1answer
716 views

Fraudulent cheque that cleared

So I sold a piece of audio equipment to a man overseas who wanted to pay by cheque. I told him that was fine but I would not be shipping it until it had cleared, and he agreed. A printed cheque ...
15
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2answers
2k views

When can I be sure a questionable check has cleared?

Someone has sent me a check for $250 in payment for property damage they caused in a car accident. It would have been better if I had gotten a cashier's check or official check, but I'll have to make ...
6
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1answer
895 views

Why Is My Application Being Sent To The Fraud Department

I have good credit and no credit problems. To verify, I just pulled a TransUnion report and it was clean. Recently, I tried to open an account at Navy Federal Credit Union. Everything was going fine, ...
14
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1answer
484 views

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 ...
9
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3answers
4k views

Should I be worried that I won't be given a receipt if I pay with cash?

I'm getting an aftermarket accessory installed on my car by an individual. The person has actually been recommended to me by a big dealership in my area and this person seems to be pretty reputable ...
4
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3answers
662 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 ...
3
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1answer
276 views

Multiple SEO companies claiming I have a past-due invoice

Some time back I had a website made for a business that a few friends and I were considering working on. We didn't do anything with the website as we never made it past the research stage before ...
5
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2answers
222 views

Direct Deposit in Shared Account

My boyfriend has asked me to help manage his money. We are looking into opening a new bank account where his checks will be direct deposited into the account and I'll give him a weekly allowance of ...
0
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1answer
182 views

Claimed Card Fraud with a Token? [closed]

A customer, a reasonably regular one, is claiming that an order on their account was not authorised and is demanding a refund. The order was placed on their account, to their address, using a token ...
2
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2answers
847 views

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 ...
6
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3answers
14k views

Why I can't view my debit card pre-authorized amounts?

I have a Mastercard debit card. When I pay an amount of money, I can see (with more or less delay) how much I've paid, when, in favor of who, etc. Now the question is: why I can't see the pre-...
2
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3answers
625 views

How can I detect potential fraud in a company before investing in them?

I have lost money in US/German stock market due to the accounting and other frauds committed by some companies. I am wondering if there is any way to detect such potential fraud before investing or ...