Can a Simple Phone Call Result in Fraud?

Reducing Your Risk of Telephone Fraud

Fraud is unfortunately all too common. Though we would like to believe all of us know better, many fraud victims fall prey to unscrupulous individuals who are quite competent at executing scams. A prime example is a telephone scam that involves a fraudulent vacation. If you want to protect yourself and your loved ones from this con, read on…

Playing On Our Desires

Fraud that involves vacation scams works because they prey upon our desire to win a luxury vacation. After all, who wouldn’t want to travel the world for free? However, this scam has nothing to do with traveling the world.

The caller usually claims that because the sweepstakes is foreign, you will have to wire money to cover certain fees. In some cases, you are sent an advance check to cover the fees so everything seems legitimate. It’s not until after you deposit that check into your bank account that you find out the check was a fake and you owe your bank money.

A Word to the Wise

If something sounds too good to be true, then it probably is. The best thing is for you to do is not respond to any phone solicitations regarding vacation sweepstakes, especially if it requires money up front.

If you win a vacation, do you really want to have to front money to take advantage of the winnings? You shouldn’t have to. In most cases, if you have to front money for a prize you won, then it is usually a scam or fraud.

And don’t fall for the “tax” speech. Yes, you have to pay taxes on winnings, but you don’t pay them to the company you won the prize from -- you pay them directly to Uncle Sam.

Another way to avoid becoming a victim of fraud over the phone is to screen your phone calls. Get caller ID. If you don’t recognize the number, don’t pick up. You can reduce the risk that you will fall victim to fraud if you don’t respond to unsolicited phone calls.

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