Questions tagged [fraud]

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

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13
votes
4answers
3k 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 ...
13
votes
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 ...
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 ...
12
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5answers
530 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 ...
12
votes
4answers
3k views

Disputing charge made with chip card

Last month we saw a charge from our local Best Buy store on our Bank of America credit card statement. We had never been to Best Buy in years, and I can't remember when or if I've bought anything ...
12
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4answers
832 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 ...
12
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3answers
2k views

Does IRS Direct Pay use Bank of America or is this a scam?

I went onto the IRS website today to make a payment. In the security part of the address bar it is written Bank of America: My question is this: Is this truly the IRS payment site, or some kind of ...
12
votes
1answer
811 views

Verified by Visa - payment site is asking for social security number

I've wanted to pay a merchant in the European Union. We've done business with that merchant for over 10 years and they are absolutely trustworthy. They handle their online credit card payment service ...
11
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3answers
26k 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 ...
11
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5answers
1k views

How to verify that money transferred to you is really and irreversibly yours [duplicate]

There are countless examples of the overpayment scam on this StackExchange. Whereby the victim believes that they've been sent money and is asked to send some of it elsewhere, and then the original ...
11
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5answers
1k views

How did Theranos have any value at all?

Theranos, an infamous case of a tech startup gone bad, was valued at over 9 billion dollars for audacious claims of revolutionizing the blood-testing industry. The trouble is, it had done so with ...
11
votes
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 ...
10
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2answers
3k 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 ...
10
votes
1answer
742 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 ...
10
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2answers
137k views

What happens if I have to return something that I purchased with a credit card that is now canceled?

I bought a few things on Amazon.com that I need to return. However, the card I used was just canceled because of fraud/unauthorized use of the account (apparently a copy of it was made). What will ...
10
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2answers
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 ...
9
votes
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 ...
9
votes
1answer
3k views

Military personnel funds transfer scam

I was contacted by someone who claims he is in the military stationed overseas. He said he could transfer fund from his account to mine. Just wondering if this is true. I am not interested in ...
9
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2answers
3k views

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....
9
votes
3answers
12k views

Is it safe to give someone the following information?

An organization outside of the USA (I'm in the USA) is going to wire money into my bank account and has asked for the following information: Bank Name Bank Address Bank City/State Bank Zipcode Bank ...
9
votes
1answer
1k views

Constant credit card fraud - is this normal?

I have a Chase Sapphire credit card that has only two authorized users: myself and my husband. We are the only ones who have the card. We both use the cards safely following the "rules". I pay using ...
9
votes
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 ...
9
votes
1answer
2k views

Can I freeze my credit file with no credit history?

I recently received notice from a major company that my personal information (SSN, DOB, address, etc.) has been compromised. As such, I would like to put a freeze on my credit. However, I have no ...
8
votes
3answers
628 views

I've started two credit agency disputes with the originators of the credit (CC company and a bank). Is there anything more required from me?

I found a CC that I had nothing to do with opening on my credit report. I called the issuing company and told them as much and they opened a dispute with the 3 agencies. Also, in an effort to increase ...
8
votes
3answers
608 views

Is this money laundering?

Recently, while browsing for computer parts I don't need, I came across a 1050W power supply on Amazon listed for $50,000. I also used to have a screenshot (which I unfortunately can't find right now)...
8
votes
3answers
504 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 ...
8
votes
3answers
293 views

Limited personal checks for elderly father?

Is it possible to have printed on personal checks "Not valid for an amount over $500" or something similar to reduce the risk of fraud my elderly father might be exposed to in his encroaching dementia?...
8
votes
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 ...
8
votes
1answer
283 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
votes
1answer
209 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 ...
7
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3answers
6k views

Gift card fraud: To whom to report? How to recover funds? Is the party which issued me the card liable?

In September 2011, I redeemed credit card points I had with Citibank for a $100 Walmart gift card. I did not try using this card until March 2014, when I discovered there was no balance in it. I ...
7
votes
2answers
618 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 ...
7
votes
1answer
235 views

Is there a general way to prevent fraudulent bank accounts from being opened in your name in Canada?

In the wake of the Desjardins data leak, several of my friends have become aware of fraudulent bank accounts (not credit accounts or lines of credit, to the best of my understanding) being opened in ...
7
votes
1answer
200 views

Detected fradulent charges to my account but I cannot close the card until another payment goes through

Today I detected two charges to my card, both on the same day. I called my bank (chase) but the only solution offered was to block and close the card. However, I am currently doing some processes ...
6
votes
3answers
5k 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 ...
6
votes
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. ...
6
votes
5answers
3k views

I'm being set up for an internet scam, but how will it work and how can I avoid it?

I own a domain, which I will call example.com. In June, I received an email, purporting to be from the Play Station Network, addresses to first.last@example.com. (I receive all the email for the ...
6
votes
5answers
2k views

How do I protect my credit/debit cards from being stolen or scanned?

Until a few years ago my credit card number had only been stolen once, about 15 years ago. But in the last two years it has been stolen four times. The first recent time was a few years ago in Hawaii, ...
6
votes
3answers
2k views

Which bank is responsible if a fraudulent check is spent: the victim's, the scammers or the one on the check?

I was recently scammed by someone claiming to be from a work-from-home company. She sent me a check that I was supposed to use to pay the "vendor" for my work supplies. I deposited the check and once ...
6
votes
1answer
744 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 ...
6
votes
2answers
1k 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 ...
6
votes
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-...
6
votes
1answer
2k 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 ...
6
votes
3answers
278 views

Who can you report wire fraud to?

Today I found that someone had accessed my brokerage account, added an external account, and transferred out thousands of dollars. This is wire fraud. While I'm not concerned about the return of the ...
6
votes
1answer
877 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, ...
6
votes
1answer
576 views

Is this a cashier check scam?

I'm a personal trainer and I've received an email stating that someone wants me to train their kids while they are in the US for vacation. The request was for many sessions and would total well over $...
6
votes
3answers
193 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?
5
votes
3answers
431 views

Why do US banks cash cheques without verifying them first with the issuing bank?

This is my first question on this site and may be a weird one. Thank you for being gentle and telling me if I'm off. My question is simple, but I'm guessing that the answer probably isn't. Also, ...
5
votes
1answer
544 views

Challenged an apparently bogus credit card charge, what happens now?

Last month, I noticed a $15 charge from an apparently legitimate business that I had never heard of and never done business with. They sell data management software. I can't imagine what they would ...
5
votes
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 ...