When it comes to steering clear of fraud, ignorance is no excuse or defence. This is why it makes sense to be prepared for frauds, and this means that you need to know what type of fraud you can suffer from. These are three major frauds you need to be aware of.
Bogus Ticket Sellers
We all know the flush of excitement we get when there is a big sporting event or musical concert on. There is a very high demand for tickets for these events and it will often be the case that demand will outstrip the supply of tickets. There will be set capacities for venues and once the available tickets have gone, there is nothing else available. Some people may be able to contact a “friend of a friend” that knows someone, there may be VIP tickets at a higher price or some tickets may be made available at a later date but on the whole, when tickets are sold out, they are all gone.
This doesn’t stop people from trying to get tickets though and the fact that there is such a high level of demand for these tickets means that there will always be someone willing to supply tickets. Well, there will always be someone willing to supply what appear to be tickets, even if they don’t actually have any tickets themselves to sell. This is because bogus ticket sellers love an opportunity to bring money in from people while making no effort to provide the tickets.
If you pay with your credit card and the total amount comes to over £100, you will be afforded some level of protection if you are hit by this style of scam but all other people will lose out on their money. Also, everyone will miss out on the concert or event so there can be a double whammy of pain and anger at this style of fraud.
Most people will admit that computers have helped to move life forward and there are a number of great benefits to be gained from having a PC or laptop around the home. The fact that these devices can be used quite easily is great news because the majority of people in the country would admit that they aren’t too confident or clued up on how to use the machines. For the vast majority of time, things go well and there is no real problem with using a laptop or PC.
Sadly, there will be times when things go wrong and people need to get some help when it comes to getting their machine to work. This is usually okay but the fact that people are comfortable with calling on a professional to look after their computer brings a problem.
A common scam occurs with the fact that fraudsters know that people won’t know too much about their computers. This leads to cold callers phoning people, saying that their computer is riddled with viruses and that these viruses are impacting on the network and other people. The fraudster then offers to help the victim get their computer back to good health. Many people will gladly accept this information and allow the remote user access to the machine or will take instructions from the user.
This usually results in software being downloaded onto the computer and this “malware” will then search for your important security details. This information can then allow fraudsters to access your bank account or credit card details.
Boiler Room Fraud
A boiler room fraud is an ideal example of someone coming across as friendly and as though they are doing you a favour. However, you will find that the friendly nature soon becomes a high-pressure phone call where they attempt to bully you into buying shares or land with little or no value. This is a type of fraud where the fraudster is looking to make a lot of money in a short period of time and there have been some people across the country who have suffered massive financial losses due to this sort of crime.
It is a crime that plays on people’s desire to make money and the offer will normally be presented as one that is too good to miss or overlook. Naturally, people will feel as though that they are getting a great deal in return but in reality, the offer is worth nothing and there can be very little comeback for the victims. This is because the vast majority of boiler room scams are located outside of the UK.
Andrew Reilly is a freelance writer with a focus on news stories and consumer interest articles. He has been writing professionally for 9 years but has been writing for as long as he can care to remember. When Andrew isn’t sat behind a laptop or researching a story, he will be found watching a gig or a game of football.