12.1.12 Signs of frauds and scams
- 12.1.1 Fraud awareness quiz
- 12.1.2 Types of fraud
- 12.1.3 Mass marketing fraud
- 12.1.4 Investment fraud
- 12.1.5 Payment scams
- 12.1.6 Credit card and debit card fraud
- 12.1.7 Video: Debit and credit card fraud
- 12.1.8 Other frauds
- 12.1.9 Why we fall for fraud
- 12.1.10 Case study: Affinity fraud
- 12.1.11 Detect fraud and scams
- 12.1.12 Signs of frauds and scams
- 12.1.13 How to spot fraud
- 12.1.14 Summary of key messages
If you experience any of these red flags, do not participate in the transaction. Contact the appropriate authorities (see the section titled What to do if you become a victim of fraud in Protect yourself from fraud). Tell your family and friends about the attempted fraud and warn them to be careful.
- The offer is too good to be true.
"High returns with little or no risk—guaranteed!"
- You are urged to invest without being given much information about the investment.
"It's complicated. You don't need to know the details."
- You are pressured to make a decision fast or on the spot.
"You must act now. Tomorrow will be too late."
- You are given "insider information" that others don't know about.
"Very few people know about this. That's why it's such a hot tip."
- You are asked to keep matters secret.
"Don't tell anyone or this fantastic loophole will close."
- You are asked to give financial information (personal identification numbers (PINs), credit card numbers, passwords, banking account information, etc.) or personal information (Social Insurance Number, date of birth, address, mother's maiden name, etc.) over the phone, by email or on a website you do not know.
"We just need to confirm your information."
- You are made to feel guilty if you refuse to go along with the transaction.
"Don't be so cautious. Don't you trust me? You'll regret passing this up."
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