Types of Scams

23 Traders Scam

23 Traders Scam is a binary options scam that positioned itself initially as a firm run from Israel. Although the firm pretended to be from Europe and carried out scam investments worldwide, it had a significant presence in the Canadian and US Market.

24 Option Scam

The broker takes control harasses and bombards you with emails and telephone calls until you respond and do as they say.

Advance Fee Loan Scam

A scammer requests fees upfront or personal information in return for goods, services, money or rewards that they never supply. Scammers invent convincing and seemingly genuine reasons for requesting payment, such as to cover fees or taxes. They often ask for payment by international wire transfer.
These scams are commonly mass-marketed with scammers sending them out to thousands of people all over the world at the same time, usually by mail or email.

Anti-Virus scam

Victim is contacted by someone claiming they are from a well-known computer or software company and a virus has been detected on the victim’s computer. The victim is advised that the virus can be removed and the computer protected for a small fee with a payment by either credit card or a money transfer. In reality, there was no virus on the computer and the victim has just lost the money they sent for the protection.

Apple iTunes Gift Card Scam

Regardless of the reason for payment, the scam follows a certain formula: The victim receives a call instilling panic and urgency to make a payment by purchasing App Store & iTunes Gift Cards or Apple Store Gift Cards from the nearest retailer (convenience store, electronics retailer, etc.).

AvaTrade Scam

The American AvaTrade Scam

Because many people don’t know this, scammers have set up fake AvaTrade websites to con Americans into investing with what they think is the official AvaTrade company. These investors send a payment to the scammer, and their money disappears.

Bank Account Takeover Fraud

Bank Account Takeover Fraud is a cybercrime where unauthorized individuals gain access to someone’s bank account. They do this through methods like phishing or malware to obtain login credentials. Once in, fraudsters make unauthorized transactions or steal funds. To prevent this, use strong passwords, enable multi-factor authentication, and monitor accounts for suspicious activities. Banks also employ security measures to detect and prevent such fraud.

Betting & Sports Investment Scam

Betting and sports investment scams try to convince you to invest in foolproof systems and software that can ‘guarantee’ a profit on sporting events.

Binary Book Scam

The first thing about the BinaryBook Scam was its high deposit amounts. The amount was equal to the lifetime savings of specific individuals. Although they had promised high returns, such high returns for binary trading are not possible. We were indeed accepting that it was a scam.

Binary Options Scam

Binary options scams are common because of the growth in online trading, making it lucrative to set up fraudulent websites, designed to look like legitimate brokerage firms. It is advisable to verify brokers before setting up an account and investing.


Bitcoin Scam

Within the context of the cryptocurrency industry, phishing scams target information pertaining to online wallets. Specifically, hackers are interested in crypto wallet private keys, or keys required to access funds within the wallet.
Bitcoin investors can increase their odds for success by identifying common scams, such as Ponzi schemes, fake ICOs, and fraudulent exchanges. Some scams, such as ICO scams, remain the same but there are other, novel forms, such as social media and social engineering scams

Buying and Selling Scam

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Can You Hear Me Scam

Scam Alert: Scammers attempt to get victims to say “yes” in a phone call, record the response, and later use it to authorize fraudulent charges on bills or credit cards. They may use familiar numbers through caller ID spoofing. Avoid by not answering unknown calls, letting them go to voicemail, and adding your number to Do Not Call Lists.

Casino Scam

A scam casino will rip off their games and/or alter them in such a way that they’re given the advantage (on top of the advantage these games already give casinos). A scam casino may also tweak their free practice games to favor players to encourage them to play the lesser “fair” paid games.

Chargeback Fraud

Chargeback fraud, also known as friendly fraud, occurs when a consumer makes an online shopping purchase with their own credit card, and then requests a chargeback from the issuing bank after receiving the purchased goods or services.

Charity Scams

A charity scam is when a thief poses as a real charity or makes up the name of a charity that sounds real to get money from you.

These kinds of scams often increase during the holiday season as well as around natural disasters and emergencies, such as storms, wildfires, or earthquakes. Be careful when any charity calls to ask for donations, especially ones that suggest they’re following up on a donation pledge you don’t remember making.

What to do: Ask for detailed information about the charity, including address and phone number. Look up the charity through their website or a trusted third-party source to confirm that the charity is real.

Computer Hacking Scam

Phishing emails are commonly used by scammers to trick you into giving them access to your computer.
They ‘fish’ for your personal details by encouraging you to click on a link or attachment.
If you click, malicious software will be installed and the hacker will have access to files and information stored on your computer.
A phishing email often appears to come from an organization that you know and trust, like a bank or financial institution, asking you to enter your account password on a fake copy of the site’s login page.
If you provide your account details, the scammer can hack into your account and take control of your profile.

Credit Debit Cards Chip Scam

Scammers view the new chip in credit and debit cards as an opportunity for fraud, exploiting the delay in card distribution. Financial institutions are issuing cards with embedded microchips for added security, but not everyone has received them. Scammers send emails or make calls, posing as institutions, claiming personal information is needed to issue a new chip card. Targeting all consumers, the scam results in stolen personal and financial information, enabling identity theft. Protect yourself by avoiding email links or calls asking for personal information. Contact your institution directly using the number on your card or statement if in doubt, as they won’t ask for verification before issuing a new card.

Classified Scam

Classified scams trick online shoppers on classified websites into thinking they are dealing with a legitimate contact but it is actually a scammer.

Coronavirus Scam

These scams may use phone calls, emails, texts, or social media posts on phony websites. They look official like they are from a government health agency, taking advantage of consumers’ fears as the virus spreads.



Crowdfunding Scams

One of the most recent trends in scamming is something called “Crowdfunding.” For the unaware, crowdfunding is simply a way for a group of people to support a cause, project, or person that otherwise might not have the tools or resources to raise money

Cryptocurrency Scam

Cryptocurrency scams are now a popular way for scammers to trick people into sending money. … Once you do, your money is gone, and there’s generally no way to get it back. So if you see a tweet (or a text, email, or other messages on social media) that tells you to pay with Bitcoin, you know that’s a scam

Dating and Romance Scam

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Debt Collection Scams

During challenging economic times, scammers exploit those seeking debt relief or home preservation. They offer assistance through phone/mail pitches, targeting individuals facing financial troubles—especially those behind on mortgages or in debt. The outcome involves paying scammers who do nothing, leaving you in deeper debt. To avoid such scams, refrain from paying upfront fees to unfamiliar entities. Verify companies through the Better Business Bureau or the Department of Business and Professional Regulation. Watch out for look-alike websites resembling government or non-profit organizations, which often ask for fees for services you could do for free. Additionally, beware of debt collection scams; don’t provide personal financial information until verifying the legitimacy of the debt. Use a sample letter to request more information and be mindful of warning signs.

Driver’s License Fraud

You need your driver’s license for a lot of things: to board a plane, to open a bank account, and of course, to legally drive! It’s no wonder then that some people try to steal a driver’s license so they can do all of these things under a different name—yours.

If someone has been issued a driver’s license in your name, they can completely ruin your reputation without you even realizing it! Of course, traffic violations are a concern, but you should be more worried about them committing worse offenses in your name. If the scammer happens to live in your state, you might run into trouble when it comes time to renew your license.

Emergency Scam

Emergency scams are about a family member or friend in a dire situation. You get a call, email, or social media message from someone claiming to be a family member in distress. They may say they’ve been arrested while traveling overseas, or there was an accident, medical emergency, or other calamities.

Employment Scam

What is a job scam? Dishonest people are sometimes called scammers. They might promise to help you find a job. The scammers promise to help you if you pay them. But after the scammers take your money, you get nothing.

EuropeFx Scam

EuropeFX definitely seems to check off a lot of boxes in the scam category. Despite their regulatory standing, EuropeFX is considered a trading scam. … The fact that they broker Forex trades for thousands of customers every day makes things even more worrying

False Billing Scam

False billing scams request you or your business to pay fake invoices for directory listings, advertising, domain name renewals or office supplies that you did not order.

Fake Charities Scam

Charity fraud schemes seek donations for organizations that do little or no work—instead, the money goes to the fake charity’s creator. While these scams can happen at any time, they are especially prevalent after high-profile disasters. Criminals often use tragedies to exploit you and others who want to help.

Fake Check Scam

Victims are often sent a check as a part of a scam and told to deposit the check and use the funds for employment expenses, internet purchases, mystery shopping, etc. The check is fake (counterfeit), and the victim is left responsible for any funds used from the check. Remember, funds from a check deposited into an account should not be used until the check officially clears which can take weeks.

Gas Pump Skimming

Credit card skimming involves thieves attaching devices to gas pumps, ATMs, and other machines that read and gather your card information. Skimmers read the magnetic strip on the card, which gives fraudsters the full name on the card, the credit card number, and the expiration date

Hacking Scam

Hacking occurs when a scammer gains access to your personal information by using technology to break into your computer, mobile device or network.

Health & Medical Products Scam

Health and medical product scams may sell you healthcare products at low prices that you never receive, or make false promises about their ‘cure-all’ products, medicines and treatments.

Identity Theft Scam

Identity theft is a type of fraud that involves using someone else’s identity to steal money or gain other benefits.

Impostor Scam

In an imposter scam, a dishonest person lies and tricks you into sending money to them. They might call you on the phone or send an email or text. Imposters might try to get you to pay them by asking you to buy a gift card or wire money. They might say: … you owe money to the IRS or another government agency

Investment Scam

Investment scams involve getting you or your business to part with money on the promise of a questionable financial opportunity.

Inheritance Scam

These scams offer you the false promise of an inheritance to trick you into parting with your money or sharing your bank or credit card details.

Lottery Scam

A lottery scam is a type of advance-fee fraud that begins with an unexpected email notification, phone call, or mailing (sometimes including a large check) explaining that “You have won!” a large sum of money in a lottery.

Malware & Ransomware Scam

Malware tricks you into installing software that allows scammers to access your files and track what you are doing, while ransomware demands payment to ‘unlock’ your computer or files.

Fake Medical Marijuana Card Scam

  • If you receive suspicious looking letters claiming to be from the Florida Department of Health or the Office of Medical Marijuana Use, please call the office toll-free to verify at 1-800-808-9580.
  • Only approved medical marijuana treatment centers are authorized in Florida to dispense medical marijuana to qualified patients and legal representatives. Patients are not allowed to grow marijuana in Florida. Find a list of approved medical marijuana treatment centers here.
  • Only qualified physicians are permitted to certify patients for medical marijuana use. Qualified physicians can be searched here.

Mobile SMS Scam

Scammers create SMS competitions or trivia scams to trick you into paying extremely high call or text rates when replying to an unsolicited text message on your mobile or smart phone.

Nigerian Scam

Nigerian scams involve someone overseas offering you a share in a large sum of money or a payment on the condition you help them to transfer money out of their country. While these scams originated in Nigeria, they now come from all over the world.

Online Shopping Scam

Online shopping scams involve scammers pretending to be legitimate online sellers, either with a fake website or a fake ad on a genuine retailer site.

Overpayment Scam

Overpayment scams work by getting you to ‘refund’ a scammer who has sent you too much money for an item you are selling.


Phishing scams are attempts by scammers to trick you into giving out personal information such as your bank account numbers, passwords and credit card numbers.

Ponzi Scheme

A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from legitimate business activity, and they remain unaware that other investors are the source of funds

Psychic & Clairvoyant Scam

Psychic and clairvoyant scams are designed to trick you into giving away your money, usually offering ‘help’ in exchange for a fee.

Pyramid Schemes

A pyramid scheme is an investment fraud in which new participants’ fees are typically used to pay money to existing participants for recruiting new members. Pyramid scheme organizers may pitch the scheme as a business opportunity such as a multi-level marketing (MLM) program. Fraudsters frequently use social media, Internet advertising, company websites, group presentations, conference calls, and YouTube videos to promote a pyramid scheme.

Rebate Check Scam

Rebate scams try to convince you that you are entitled to a rebate or reimbursement from the government, a bank or trusted organisation.

Remote Access Scam

Remote access scams try to convince you that you have a computer or internet problem and that you need to buy new software to fix the problem.

Social Security Scam

Social Security scams are a common form of government impostor scam, in which crooks pose as government officials to get you to send money or give up personal and financial data for use in identity theft.

Stock Option Scam

Decisions are not made on the basis of good business practice, or what’s good for the company, but what’s good for an individual’s stock options. It’s one of the oldest scams in the world, only this time, the victims are not only individual stockholders but the credibility of our entire capitalist economy.

Threats & Extortion Scam

An extortion scam is when someone threatens, coerces, or blackmails you into providing them with payments, property, or services. If you or someone you know is currently in danger, please contact your local law enforcement (9-1-1) IMMEDIATELY.

Travel Prize Scam

Travel prize scams are attempts to trick you into parting with your money to claim a ‘reward’ such as a free or discounted holiday.

Unexpected Money Scam

These scams offer you the false promise of an inheritance to trick you into parting with your money or sharing your bank or credit card details.

Unexpected Winnings Scam

Unexpected prize and lottery scams work by asking you to pay some sort of fee in order to claim your prize or winnings from a competition or lottery you never entered.

Weight Loss Scams

Are you feeling overwhelmed by all the weight-loss options out there? In this video, I’m going to show you how to spot the scams and make sure that you get the most out of your weight-loss journey. Discover the tricks & techniques used by scammers, so that you can make informed decisions and avoid getting scammed. Don’t waste your time & money on false promises – watch this video now and stay one step ahead!

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