Finance/Banking Scam has become very common now. Scammers often use this scam to obtain victim’s money, assets, or other property held by a financial institution. There are various forms of Banking Scam including: Stolen Checks, Cheque kiting, Forgery and altered cheques, Accounting fraud, Uninsured deposits, Demand draft fraud, Rogue traders, Fraudulent loans, Stolen payment cards, phishing emails and many more. Hence, you should always be alert, so that no one can scam you.
Some of the most common Banking Scams that you should always be aware of include:
: Due to the current economic turmoil and foreclosure crisis, the Loan Modification scam has rapidly increased and has targeted millions of distressed homeowners till the date. So, beware you can be the next target for them.
: Debt elimination scams are most commonly perpetrated through web sites and e-mails. The Scammers commit these scams for the sake of earning easy money from innocent people.
: As far as this scam is concerned, I can just say that some former WFG employees claim that Agents are encouraged to lie to prospective customers about their qualifications and experience. Others allege that the company has illegally and intentionally failed to report up to 900 complaints of misrepresentation from its customers. Additionally, the quality of their goods and services is very much up for debate.
The other common banking scams include :
