Posts Tagged ‘scam’
Consumers warned over pre-paid energy scams
Cifas, the leading fraud prevention service in Britain, issued a warning to gas and electricity customers about pre-paid energy scams masquerading as discounted offers. These scams have impacted more than 188,000 victims, including customers of British Gas, EDF Energy, E.ON, Scottish Power, and SSE. The escalating cost of living is no hidden fact, causing anxiety…
Read MoreHow to avoid social media scams
An increasing number of people are being duped into investing in social media scams. According to the US-based Federal Trade Commission, social media was “…far more profitable to scammers in 2021 than any other method of reaching people.” When you think about it, social media is a scammer’s dream. They have access to the same…
Read MoreTop 7 cryptocurrency scams
Cryptocurrency is a new and fast-moving sector, which is probably why it hasn’t been covered in previous posts. After all, where does one start? Luckily, this question was answered last week after we found evidence of people being duped into handing over large sums. Unsurprisingly, the swiftly-expanding nature and popularity of cryptocurrencies have led to…
Read MoreSwindlers and the power of persuasion
Several posts have referenced convicted fraudster Elizabeth Holmes recently because the Theranos scandal is a good example of how the power of persuasion can lead to innocent investors losing substantial amounts. Many of those who invested in Theranos were shrewd and experienced. And yet, they were completely unaware of the fraud taking place under their…
Read MoreDue diligence, the best remedy for cons and scams
Navigating the world of investments is no mean feat. It’s almost like walking through a beautiful bazaar with lots of shiny items, and smiling vendors luring you into buying their sparkling goods. They all look good from the off, so how are you supposed to know who’s offering a good deal? Luckily, in the world…
Read MoreWhen sweet investments turn sour
Let’s set the scene. You were dazzled by a shiny investment prospect. The promise of returns were high, and the representative sold the heck out of it. Perhaps the first date (or two) of your dividend payments came around and you got paid. Great. All was going to plan. But then… Help! There’s been a…
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