IDENTITY
THEFT
THEFT
You receive your American Express bill and you notice charges for purchases you did not make.
What is a Credit Card Scam?
Predominantly males, financially knowledgeable, college educated, self-reliant individuals.
What is who are Victims?
Loan officer fraudulently overvalues an appraisal to make a sale.
What is Appraisal fraud?
A cashier’s check is sent by mail along with a letter that claims the consumer has won a lottery or is otherwise owed money. The consumer is asked to pay a “processing fee” or “taxes” on their windfall before the funds can be released.
What is a Fake Check scam?
Electronically breaking into personal computers, databases at financial institutions, and online retailers to steal personal information.
What is Hacking?
A fraudster deliberately buys shares of a very low priced stock of a small infrequently traded company and then spread positive, usually false information to build interest in stock.
What is a Pump and Dump Scam?
An advanced fee scam where home owners are lured with promises to save them from foreclosure or lower their mortgage payments in exchange for an advance or monthly fee.
What is a Loan Modification scam?
Promises of winnings from a fraudulent foreign lottery with the requirement that the “winner” pay an advance fee to cover taxes, before the winnings can be released.
What is a foreign Lottery scam?
Using spam email or the phone to pose as a legitimate organization to lure victims into revealing confidential information.
What is Phishing?
Requires a steady stream of income to stay afloat and must recruit new investors to earn a share of the profits.
What is a pyramid Scheme?
A mortgage that is associated with high fees and aggressive marketing as an easy way for retirees to finance lifestyles or to pay for risky investments that can jeopardize their financial futures.
What is a Reverse Mortgage scam?
Hiring a victim to serve as a mystery shopper to evaluate stores or restaurants. The victim is conned into paying an advance fee to and then receives no compensation.
What is a Mystery Shopper scam?
Searching through the trash to find personal information to steal.
What is Dumpster Diving?
Fraudster offers to pay a high fee for worthless stock in the investor’s portfolio. The investor must remit a pro-processing fee in advance to pay for the service.
What is Advance-fee Scam?
The perpetrator misrepresents the buyer’s income or employment to originate a loan.
What is a Loan Origination scam?
An offer received by mail, telephone, or email for the “opportunity” to share a percentage of millions of dollars that the scammer purports to be transferring out of Nigeria or other countries. The victim is scammed out of an advanced payment that is required before receiving his or her share.
What is a “Nigerian” Email or Telephone scam?
Using someone’s driver’s license, personal checks, or credit or debit cards directly.
What is a stolen wallet or purse?
A person known as a “hub” attracts money from new investors and uses it to pay so called “returns” to earlier stage investors, rather than investing the money as promised.
What is a Ponzi Scheme?
A situation in which a homebuyer or lender falsify information to obtain a home loan.
What is Mortgage Fraud?
Offerings that inform consumers they have “won” a sweepstakes (that they have, in most cases never entered). The victim is conned into paying taxes or service fees but ultimately receives no prizes or benefits.
What is a Sweepstakes scam?