Questions tagged [fraud]
For questions related to fraud awareness, prevention, and resolution.
353
questions
6
votes
1
answer
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
votes
1
answer
890
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 ...
- 1
8
votes
1
answer
424
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 ...
CommunityBot
- 1
8
votes
3
answers
686
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 ...
- 2,530
1
vote
1
answer
1k
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 ...
- 70.5k
3
votes
1
answer
226
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 ...
- 6,608
3
votes
3
answers
512
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 ...
- 525
12
votes
4
answers
903
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 ...
- 147
13
votes
1
answer
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 ...
- 116k
20
votes
2
answers
9k
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 ...
- 11
9
votes
2
answers
542
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 ...
- 147
12
votes
5
answers
592
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 ...
- 147
6
votes
3
answers
319
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?
- 49k
16
votes
9
answers
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
...
- 121
0
votes
1
answer
175
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.
- 37.7k
20
votes
1
answer
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 ...
- 9,785
12
votes
2
answers
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 ...
- 2,702
4
votes
1
answer
800
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 ...
CommunityBot
- 1
2
votes
1
answer
251
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 ...
- 22.7k
6
votes
3
answers
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. ...
CommunityBot
- 1
0
votes
1
answer
450
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 ...
- 9,514
5
votes
1
answer
888
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 ...
- 57.1k
17
votes
2
answers
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
votes
1
answer
1k
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, ...
- 21k
9
votes
3
answers
6k
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 ...
- 251
6
votes
3
answers
834
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 ...
CommunityBot
- 1
3
votes
1
answer
303
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 ...
CommunityBot
- 1
5
votes
2
answers
387
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 ...
- 177
0
votes
1
answer
208
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 ...
CommunityBot
- 1
6
votes
3
answers
15k
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-...
- 10.1k
2
votes
3
answers
644
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 ...
- 46.5k
28
votes
3
answers
19k
views
Robocall claiming to be IRS saying they are about to sue - Is it legit?
We got a recorded call with a message claiming to be from the IRS. It said they were giving final notice and preparing to file a lawsuit against us. In our case, the message went to voicemail so the ...
- 1
98
votes
11
answers
23k
views
Why does the introduction of chip & pin appear to be so controversial in the United States?
The past few weeks there have been many news articles about the introduction of chip & pin in the United States; most of these articles are against it and citing such 'issues' as:
"Some people ...
CommunityBot
- 1
16
votes
3
answers
3k
views
Recourse with Credit Card company after victimized by fraud?
I signed up for a service that was advertised as "$200 per month." I didn't know the company was under investigation by my state's Attorney General for fraud and questionable business practices.
...
- 32.7k
5
votes
1
answer
2k
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 5 ...
2
votes
1
answer
474
views
How do credit card banks detect fraudulent transactions without requiring a travel advisory?
I hold two credit cards in Canada- one from a large financial institution (TD Canada) and one with an online bank (PC Financial).
When using these cards for travel, for the TD Mastercard, I am okay ...
- 46.5k
5
votes
1
answer
613
views
How to protect yourself from a fake security deposit check?
I am subletting my place to someone on craigslist for the first time. The potential tenant and I have a dilemma.
The tenant does not want to give me a check (with a security deposit and first months ...
3
votes
1
answer
197
views
Have I committed a crime by not declaring a salary in India while working as an NRI?
I moved away to Europe almost ten years ago. To be honest, my father handled most of the taxation legalities for me. I moved here, began my life and lived live normally. Now that I've married a ...
- 57.1k
-1
votes
2
answers
538
views
Would it be a Ponzi scheme if I bought stock in a company with no revenues and sold it to someone else for more money? [duplicate]
I want to figure out what's the difference between buying stocks and entering Ponzi scheme under certain situations. This is more of a theoretical/hypothetical question.
Suppose the company P makes 0 ...
- 10.1k
26
votes
10
answers
23k
views
Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud?
My girlfriend is in the process of buying a home. We're not married, common-law or otherwise.
I was planning to help her pay for the closing costs and down payment, with my contribution being about $...
CommunityBot
- 1
3
votes
1
answer
433
views
Ensuring a cashier's check is legitimate
I'm looking to sell a vehicle for the first time. I've purchased a few vehicles using cashier's checks, but I've never had to receive one. Assuming I am willing to accept the risk of a cashier's ...
CommunityBot
- 1
3
votes
1
answer
615
views
Can a validated cashier's check deposit be reverted?
I am thinking of selling my car, and reading the advice here, it seems that going with the buyer to my bank office, getting my bank to validate the buyer cashier's check and then completing the sale ...
CommunityBot
- 1
37
votes
3
answers
6k
views
Taxes when transferring money
I'm a US taxpayer (non-resident alien) and I'm being pushed by a friend to do the following:
He will transfer 40k from a US bank account that he owns to my personal account.
I will withdraw this ...
- 143
3
votes
1
answer
1k
views
eBay Account and SIM cards sent to my address
I'm asking this question on behalf of my mother. Apologies if this is the wrong SO network, but it feels like the closest one to me.
A few months ago she received a letter through the post from eBay ...
- 24k
4
votes
1
answer
1k
views
Can adding a credit card to Android Pay be flagged as a security breach?
Last weekend I added a credit card to Android Pay for the first time and used my phone to pay for a purchase at a grocery store. That Monday, the bank that issued the card called me and said that for ...
- 35.8k
3
votes
1
answer
24k
views
I gave a scammer my address, full name, and phone number. What can they do? [duplicate]
It was for a job as a personal assistant. She is sending me a check. I am suppose to buy some to toys for an orphanage and deduct my check from it.
Now I am scared about what can they do with the ...
- 3,497
17
votes
3
answers
41k
views
I Lost $1000+ on EntroPay - How should I best pursue getting my money back?
I wanted to buy a laptop from Lenovo shop, but it turned out they were not accepting my card, so I went on to the EntroPay. This website, as it mentions, provides Virtual Credit Cards for online ...
- 140k
97
votes
10
answers
94k
views
Scam or Real: A woman from Facebook apparently needs my bank account to send money
A woman on Facebook recently contacted my dad.
She asked him to get a bank account so she could send him money, and he would send money to her employees (about 12 people), and she would pay him for ...
CommunityBot
- 1
5
votes
2
answers
529
views
Is there a bank account that allows ACH deposits but not ACH withdrawals?
I worry sometimes about fraud and/or unscrupulous people getting a hold of my bank account numbers, with regards to electronic transactions. I've heard it's very easy for imposters to use ACH to get ...
10
votes
2
answers
4k
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 ...
- 103