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Questions tagged [fraud]

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

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12
votes
1answer
364 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
votes
3answers
25k 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
votes
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
4k 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
votes
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
719 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
votes
2answers
125k 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
votes
2answers
3k 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
3k 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
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
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
400 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
1k 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
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 ...
8
votes
3answers
620 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
576 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
484 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
271 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
3answers
10k 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 ...
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
265 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 ...
7
votes
3answers
5k 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
590 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
176 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 ...
6
votes
3answers
4k 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
662 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
1answer
190 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 ...
6
votes
1answer
550 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
186 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
1answer
529 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
2answers
170 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 ...
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 ...
5
votes
1answer
930 views

How are brokerage accounts protected from theft, computer glitches and fraud?

I'm thinking about investing in stocks, but I'm worried about losing my investments for reasons unrelated to changes in the market. I know that brokerage accounts are not FDIC-insured. What if a ...
5
votes
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 ...
5
votes
2answers
109k views

I gave a scammer my name and address; what can they do with that information? [duplicate]

I accidentally gave my name and address to a scammer. What can I do? Is that bad? What can they do with that information?
5
votes
1answer
782 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, ...
5
votes
2answers
765 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 ...
5
votes
3answers
2k views

What are online payment options with no chargeback protection?

What exactly are chargebacks and chargeback fraud? Is it a complaint about not receiving the product, or is it about the customer saying that he did not authorize the payment? If I understand ...
5
votes
1answer
662 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 ...
5
votes
1answer
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 ...
5
votes
1answer
5k views

Credit freezes aren't available in Canada. What options are available to protect against identity theft?

It looks like credit freezes aren't possible in Canada. Despite this, there is some evidence that identity theft is a bona fide problem in Canada: RCMP states that in 2009 there were 11,095 identity ...
5
votes
1answer
14k views

How a company in India can misuse my PAN number and its scanned copy that I provided as an interview candidate?

Two companies in Bangalore and Pune (India) asked me to send PAN number (government ID number used as ID for income tax return and transaction, like social security number in the US) and scanned soft ...
4
votes
4answers
2k views

Does a bank have to tell me if a check made out to me was cashed there?

I moved out of a place and I was supposed to receive my last pay check there. I think my housemate deposited it in his account. I know banks are not supposed to, but it's in a small town so people ...