There are so many fraudulent schemes out there in today’s society. Unfortunately, people fall for them every day. People are looking for easy money. Sometimes they aren’t educated enough on a topic and they fall for a scam. I don’t want that to be any of you all. In today’s post, I will be discussing a few scams that you should watch out for. I’m sure there are a few that you’ve heard of.
Send Money Up Front
Below is a picture of an ad that I saw in one of the hallways at my old job.
I used to work at a university, so I’m pretty sure that whoever put this up was trying to target a gullible first-year student. If you ever see an ad asking you to pay money to receive any type of job information ignore it! It’s 2020 guys. All legit companies have information on the internet. I’ve also seen similar fraudulent schemes on craigslist where the ads were asking people to wire them $20 for a job list that featured opportunities for actors and modeling. Don’t fall for it. If something seems fishy, it probably is. Trust your instincts.
I get spam emails a couple of times each month saying that I’ve won 5 or 10 million dollars. A light bulb immediately goes off in my head. I think to myself that’s nice, but I didn’t play any foreign lottery. The e-mail is instantly deleted. In the e-mails, they ask unsuspecting people for your social security number or other personal information. That should be a red flag. The sad thing is that some people are so money hungry that they forget common sense and end up send people their info. Once they do that their identity is now compromised. They could potentially lose a lot of money falling for this fraud scheme.
Another popular scam is when you receive an e-mail from someone that is claiming to be a long-lost relative. They then go into details telling you that someone died and that you are next in line to receive an inheritance from them. The first red flag is that the currency is always foreign. The 2nd thing that happens is that they tell you that to receive the money you will have to pay some type of fee upfront. Then they inform you that you will receive your money in a couple of days once you do that. This is another one of those too good to be true deals. You will not receive a damn dime from them, and you will be out of the money you spent for the “upfront fee.”
Money Order Scam
This next scam can be found on sites like craigslist a few times a month. It’s the money order scam. It’s one of the oldest fraudulent schemes around. With this scam, a person will send someone a money order for an item or a service. The money order will be for a higher amount than what the item or service is. The scammer will then want you to deposit the money order and subtract the cost of the item or service. Then they want you to wire them the remaining amount of money to them. Those money orders are fake. The bank will find out and alert you. Your account could be in the negative and possibly closed due to fraudulent activity. I answered a Craigslist ad similar to this before just to see what would happen. I didn’t even do the so-called job, but they sent me a bogus money order within a week. I’m not going to lie; the money order looked legit. I could see how some people would fall for it. I wasn’t about to do anything stupid, so I trashed it the next day.
Phishing scams have been growing in numbers the past few years. A phishing scam is where you receive an e-mail claiming to be a company. An example of that would be receiving an e-mail from someone claiming to be at PayPal. The email will state that you need to update your account. They will provide a link that they want you to click on. Don’t do it! They are trying to steal your login info so that they can access your funds. I received a few phishing e-mails this year. I deleted them quickly because I knew they were scams. My PayPal account was created with a Yahoo e-mail address meaning that all legit PayPal emails should come to my Yahoo inbox. This phishing e-mail came to my Google e-mail account. Also, I noticed there were some misspelled words in the e-mail too.
Bonus Scam: Pyramid Schemes
Pyramid schemes are very popular fraudulent schemes. They have been around for a while. They involve getting people to sign up for a service or a product, and supposedly you make money when more people sign up under you. One popular pyramid scheme from a couple of years ago was Wake Up Now. They were supposedly a company that sold health and financial services. I can remember logging on to Twitter and Facebook and seeing everybody and their mother trying to get you to sign up for that BS. This year it’s crickets. I guess all those Wake Up Now people left the country and retired to the Virgin Islands or something. Another company that I personally think is a pyramid scheme is Herbalife. A few individuals have claimed to make money with Herbalife, but I doubt it.
As you can see these money scams come in different shapes and sizes. If you see an e-mail or an ad containing any of the schemes mentioned above delete it ASAP!
If you are looking to make some legit extra money, you can try some of the side hustles that are listed below.
Flipping Items Online
If you have things that you aren’t using at home, you should consider flipping them. Clothes, electronics, toys, and board games are a few things that you can flip. There are several platforms that you can use including eBay, Facebook Marketplace, and Mercari. If you want to sell only clothes, you can check out Poshmark.
If you like to write, you can make money doing it by freelancing. There are two places where you can promote your services. Fiverr is the first place. You can create an account and let people know what kind of writing you do. In the beginning, you’ll start off making $5 per order, but if you’re good at writing, that amount will grow quicker.
The next place to set up an account is Upwork. You can make more with Upwork in the beginning. Also, you can have a chance to work with people long term.
An easy way to make extra money is with online surveys. Below are a few survey companies that you should sign up for. They all offer some kind of bonus.
Check the post below for even more ways to make money.
Do you know of any other fraudulent schemes to avoid that are out there? Have you fallen victim to any of them?