Top 4 Fraudulent Activities

What are the biggest examples of fraud and scams on the internet? Chances are, you have already come across one of these. It is best that you are updated with some of the most popular fraudulent activities that operate online. By being aware of what they do, you increase your chances of protecting yourself and others against their ploys. Remember, fraudulent companies and activities only exist because there are still people who fall for these scams. It is important that businesses and consumers stay vigilant and educated. Here are some of the top fraudulent activities that exist today:

1) Property Investment Schemes – People are invited to a free seminar where they will be encouraged to fork over a large amount of money to become successful property investors. This can involve purchasing property or buildings that have yet to be built at a discount. Some may offer a buy to lease scheme where the fraudulent company will offer to manage the properties for you. These properties turn out to be abandoned with no real tenants.

2) Pyramid Schemes – these schemes are usually advertised on a website, promising vast amounts of money for virtually no work. That in itself is already a sure sign of a scam but a closer look at this scheme will show you why. The scheme operates on this principle. For example a website offers you an expensive electronic gadget after buying a cheap gift for about $25. The consumers join a waiting list in order to claim their prize. The person on the top of the list will only receive his gift if a prescribed number of people sign up for the deal as well. Pyramid schemes are always doomed to fail as there are not enough people to support it.

3) Get rich quick scams. By ordering a CD or a booklet online, these websites claim to reveal to you all that you need to know to make millions of money quick. Of course these products turn out to be worthless. No secret is revealed and you just ended paying for junk

mail. What is worse, these companies can also be identity thieves and have already obtained your credit card info from your order.

4) Online Auction Frauds. These online auctions misrepresent a product or fail to deliver a product after the sale has already been made.

These are only a few scams that plague internet users. Keep yourself informed and tell your loved ones about. Only until the public stops falling for these tricks will the scammers cease to exist.

“If you are a victim of fraudulent activities and or scams sue these people for your own protection. Make sure to get the best lawyers in your locality.”