Common online business scams

Popular internet scams -- Steve Sorensen embezzlement

It’s no secret that the internet is riddled with tons of schemes aimed at getting people’s money. Scammers online often masquerade as legitimate businesses, making it hard to discern unless one really studies offers closely. And more and more of them are appearing in our email inboxes and on our social media pages. This blog will look at some of the most prevalent online scams and explain how you can better protect yourself and your business. Steve Sorensen embezzlement.

The Nigerian letters scam

Most people know of this by now, but it continues to be prevalent. A person will receive an email from a certain individual from the African country, explaining a huge inheritance and asking for your money to have it registered. This embezzlement will gradually escalate to various fake needs like a visa application, travel expenses, and so on until the sender finally vanishes with their “investment.” Steve Sorensen embezzlement.

Make money fast

The simple rule to apply here is that if it’s too good to be true, it likely is. People would likely come across such schemes as "buy this amount of money and earn 10 times more in a given short period." This follows the theory behind pyramiding schemes, where chain letters get people to send money to an address. The main issue here is that this entire concept is illegal and is considered a form of gambling. Steve Sorensen embezzlement.

Bank loan/credit card scam

Steve Sorensen embezzlement. This is among the most common scams even today, in which a person receives an email stating that some bank or credit card company’s system has crashed and that they would need to fill in their personal data, card number, and pin code. Know that no legitimate bank or loaning institution will ever ask for such private information from anyone. Steve Sorensen embezzlement.

Comments

Popular posts from this blog

Financing a car the smart way

Cryptocurrency and what lies ahead for banking and finance

Swindler’s list: History's biggest swindlers