Common Scam Fraud Schemes [Video]

Common Scam Fraud Schemes

  • Advance Fee Schemes

    An advance fee scheme occurs when the victim pays money to someone in anticipation of receiving something of greater value—such as a loan, contract, investment, or gift—and then receives little or nothing in return.

  • Advance fee fraud

    Advance fee fraud is when fraudsters target victims to make advance or upfront payments for goods, services and/or financial gains that do not materialise.

    Types of advance fee fraud include:

    Source: Action Fraud

  • Unexpected prize & lottery scams

  • Business Fraud

    Business fraud consists of activities undertaken by an individual or company in a dishonest or illegal manner designed to be advantageous to the perpetrating person or establishment.

  • Counterfeit Prescription Drugs

    Counterfeit prescription drugs are illegal, fake medicines that may be hazardous to your health.

  • Credit Card Fraud

    Credit card fraud is the unauthorized use of a credit or debit card, or card number, to fraudulently obtain money or property.

  • Fraud Against Seniors

    Senior citizens should be especially aware of fraud schemes targeting their lifestyle and savings and follow a series of tips to protect themselves and their family members from fraud.

  • Senior Grandparent Scams

  • Fraudulent Cosmetics and “Anti-Aging” Products

    The Internet has given consumers widespread access to health and beauty products, including “anti-aging” products, that they do not know are fake.

  • Funeral and Cemetery Fraud

    Regulations for prepaid funeral services vary from state to state, providing a window of opportunity for unscrupulous operators to overcharge expenses and list themselves as beneficiaries.

  • Health Care Fraud or Health Insurance Fraud

    The FBI is the primary investigative agency involved in the fight against health care fraud, with jurisdiction over both federal and private insurance programs.

  • Identity Theft

    Identity theft occurs when someone assumes your identity to perform a fraud or other criminal act.

  • Internet Auction Fraud

    Consumers are strongly cautioned against entering into Internet auction transactions with subjects exhibiting irregular behavior or making odd payment requests.

  • Internet Fraud

    Internet fraud is the use of Internet services or software with Internet access to defraud victims or to otherwise take advantage of them.

  • Investment Fraud

    Investment fraud is an offer using false or fraudulent claims to solicit investments or loans, or providing for the purchase, use, or trade of forged or counterfeit securities.

  • Letter of Credit Fraud

    Letters of credit frauds are often attempted against banks by providing false documentation to show that goods were shipped when, in fact, no goods or inferior goods were shipped.

  • Market Manipulation (“Pump and Dump”) Fraud

    This scheme—commonly referred to as a “pump and dump”—creates artificial buying pressure for a targeted security, generally a low-trading volume issuer in the over-the-counter securities market largely controlled by the fraud perpetrators.

  • Nigerian Letter or “419” Fraud 

    Nigerian letter frauds combine the threat of impersonation fraud with a variation of an advance fee scheme in which a letter mailed, or e-mailed, from Nigeria offers the recipient the “opportunity” to share in a percentage of millions of dollars that the author—a self-proclaimed government official—is trying to transfer illegally out of Nigeria.

  • Non-Delivery of Merchandise

    Non-delivery of merchandise is a scheme most often linked to Internet auction fraud, but also can be considered a form of business fraud in certain cases.

  • Ponzi Schemes

    “Ponzi” schemes promise high financial returns or dividends not available through traditional investments. Instead of investing the funds of victims, however, the con artist pays “dividends” to initial investors using the funds of subsequent investors.

  • Prime Bank Note Fraud

    The purpose of these frauds is generally to encourage the victim to send money to a foreign bank, where it is eventually transferred to an off-shore account in the control of the con artist. From there, the victim’s money is used for the perpetrator’s personal expenses or is laundered in an effort to make it disappear.

  • Pyramid Schemes

    As in Ponzi schemes, the money collected from newer victims of pyramid schemes is paid to earlier victims to provide a veneer of legitimacy. In pyramid schemes, however, the victims themselves are induced to recruit further victims through the payment of recruitment commissions.

  • Redemption / Strawman / Bond Fraud

    This scheme predominately uses fraudulent financial documents—often referred to as “bills of exchange,” “promissory bonds,” “indemnity bonds,” “offset bonds,” “sight drafts,” or “comptrollers warrants”—that appear to be legitimate.

  • Reverse Mortgage Scams

    Reverse mortgage scams are engineered by unscrupulous professionals in a multitude of real estate, financial services, and related companies to steal the equity from the property of unsuspecting senior citizens or to use these seniors to unwittingly aid the fraudsters in stealing equity from a flipped property.

  • Telemarketing Fraud

    When you send money to people you do not know personally or give personal or financial information to unknown callers, you increase your chances of becoming a victim of telemarketing fraud. Source: FBI.  Here are a few red flags to help you spot telemarketing scams. If you hear a line that sounds like this, say “no, thank you,” hang up, and file a complaint with the FTC:

    • You’ve been specially selected (for this offer)
    • You’ll get a free bonus if you buy our product
    • You’ve won one of five valuable prizes
    • You’ve won big money in a foreign lottery
    • This investment is low risk and provides a higher return than you can get anywhere else
    • You have to make up your mind right away
    • You trust me, right?
    • You don’t need to check our company with anyone
    • We’ll just put the shipping and handling charges on your credit card

…read more

Source: FTC

Free Vacations and Prizes, Phishing Scams, Loan Scams, Phony Debt Collectors, Fake Charities, Medical Alert/Scams Targeting Seniors, Warrant Threats, IRS Calls

See also

Scammers know that finding a job can be tough. To trick people looking for honest work, scammers advertise where real employers and job placement firms do. They also make upbeat promises about your chances of employment, and virtually all of them ask you to pay them for their services before you get a job. But the promise of a job isn’t the same thing as a job. If you have to pay for the promise, it’s likely a scam.

Internet shipping scams or the package forwarding scam has been around for quite a while. Several contrasting scenarios are engaged in the execution of this scam, but it all plays out to the same conclusion. Packages are shipped to an unsuspecting accomplice and then reshipped to another address (usually untraceable) in an effort to launder products purchased online with stolen credit card numbers.

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Dr Don
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  1. Reply

    Reference Advance Fee

    Advance Fee Fraud – 10 Misconceptions

    Up-front payment & advanced fee frauds

    Advance fee fraud – paying money for a promise of wealth (419 Fraud–paying-money-for-a-promise-of-wealth-419-Fraud/1400010731444/1400010731444

    What is a 419 (Advance-fee Fraud) Scam?


    SCAM: The Nigerian Advance Fee Scheme

    Advance Fee Fraud Advance fee fraud, also called upfront fee fraud, is any scam that, in exchange for a fee, Promises to send you money, products, or services; Offers you the opportunity to participate in a special deal

    What are advance fee frauds? How do advance fee frauds work?

    Advance-Fee Loans

    Advance payment scams Advance fee fraud is when fraudsters target victims to make advance or upfront payments for goods, services and/or financial gains that do not materialise.

    419 – Nigerian Advance Fee Fraud Scam Types and Variants

    FBI Advance Fee Schemes An advance fee scheme occurs when the victim pays money to someone in anticipation of receiving something of greater value—such as a loan, contract, investment, or gift—and then receives little or nothing in return.

    “Advance Fee Fraud” Schemes

    Advanced fee frauds

    What is Advance Fee Fraud?

    A look at different types of Advance Fee Fraud

    Online fraud: Top Nigerian scammer arrested

    Don’t overpay to cash a check

    Police warning after resident duped by lottery fraud Read more at

    Advance Fee Fraud Schemes

    Advance Fee Scams Protecting Yourself From Advance Fee (419) Scammers

  2. Reply

    Reference Shipping, Reshipping

    SCAMS!!! Don’t Ship to Nigeria!!!

    Shipping fee scam

    Warning: Fake shipping company scam

    Reshipping Scam

    How to Spot Money-Laundering and Reshipping Scams



    How to Avoid Online Car Shipping Scams How to avoid getting conned by fraudsters targeting online car sales

    Hijacked Accounts Lead to New Shipping Scams New shipping scams are among the latest con tricks targeting small firms:

    Re-shipping scam can turn job seekers into unwitting criminals

    Avoiding unethical movers: Millennials are prime target for moving scammers,


    Common Scams in the Shipping Industry


  3. Reply

    Reference Job Employment Scms

    10 Signs a Job Is a Scam

    7 Signs Your Dream Craigslist Job Is a Scam

    Local BBB cautions new graduates to avoid job scams

    Jobseekers fraud warning – How To Avoid Online Job Scams – See more at:

    Jobs & employment

    How to Avoid 5 Major Types of Online Job Scams

    Job Scams!what-it-is

    How to determine if a job offer is a scam

    4 Ways Even Millennials Fall For Scams

    Criminals targeting students in employment scams

    Here’s how scammers try to rob job seekers

    Call Christina warns of work-from-home job scams Local 10 viewer Calls Christina after fielding suspicious job offer

    Correctional Services warn about job scam

    Common Job Scams and How to Avoid Them

    Authorities investigate twin job placement scams

    6 Scams to Watch Out for This Summer

    TDCI warns job seekers to be wary of summer job scam

    Data Entry Scams Data entry scams come in many forms, but they all want one thing–your money!
    Top 10 Job Scam Warning Signs

    List of Fake Job Scam Examples Examples of Fake Job Scams You Should Avoid

    What is a job scam?

    FBI Work-at-Home Scams Job One: Do Not Take the Bait

    Jobs & employment

    FTC Job Scams

    Summer job seekers warned of possible online hiring scams

    Tis the season to beware of employment scams Amid a surge in false job ads and financial losses for victims, a warning from police to be vigilant and never to give out person information is timely

    Job scams Consumers and businesses should be on the lookout for the following job scams…

    Watchful Eye Consumer Alert: Summer job scams

    Many Sarawakians cheated by job offers in Singapore

    Consumer alert! Beware of summer job scams

    Consumer tips: Looking for a job this summer? Don’t fall for this scam

    New fake employment scam making the rounds

    Vic scams targeting job seekers

    Is that job application legitimate? How to spot a job scam

    LinkedIn the webs most popular site for job search haven for scammers targeting job hunters

    Scammers target job advertisements through social media The Department of Consumer Protection says scammers are now targeting job-seekers through social media

    Scams and schemes abound for job seekers

    Consumer Alert: Beware of scams while applying for jobs

    Employment scam targeting young job seekers by asking for $250 training program payment

    State warns to beware of summer job scams

    Scammers target jobseekers on recruitment websites

    Crooks using reputable website LinkedIn to scam job-seekers

    Scammers continue to target North Sea oil and gas workers

    College student calls Christina after hit with summer job scam offer

    Department of Labor & Training Warns Job Seekers of Fake Recruiter Scam

    Lieutenant Governor Warns Consumers of Online Job Search Scam

    World’s Biggest Scams You Need to Know [Infographic]

  4. Reply

    Reference Telemarketing, Phone Scams

    Telephone Scams Fraud and scams involving telephone services.

    Mobile phone fraud involves a variety of scams that either persuade you to buy phone-related products/services that turn out to be substandard or non-existent; or to make phone calls or texts to premium services by accident; or to unknowingly sign up to expensive subscription services.

    Just hang up on phone scammers

    The 10 Most Common Cell Phone Scams and How to Avoid Them

    IRS Warns of Pervasive Telephone Scam

    6 phone scams you should know about

    Phone scams


  5. Reply

    Reference Impostor Scams

    The Grate Pretenders

    Free Poster – Just Hang Up! On Impostor Scams

    Who’s on the other end of that line? An imposter trying to separate you from your money.

    New FTC Resources Warn Consumers About Imposter Scams KNOW WHAT TO WATCH OUT FOR SO YOU DON’T BECOME A SCAM VICTIM

    How to Spot IRS Imposter Scams

    FTC: Imposter scams, identity theft, and debt collection top consumer grumbles

    3 Ways to Spot a Government Imposter Scam

    Imposter Scams Pass it On

    Impostor Scams Consumer Information

    Government Imposter Scams

    Impostor – The Grate Pretenders

    Impostor Scams Surpassed Identity Theft for the First Time Ever Last Year (2016)

  6. Reply

    Reference Lottery, Sweepstakes Scams

    Inside the Biggest Lottery Scam Ever A locked room, a fat suit, and a pump-and-dump stock scheme: They’re all part of what the cops say is the ultimate attempt to rig the lotto.

    Lottery Scams – How to Recognize Them

    The Ten Most Common Lottery Scams

    Avoiding a Lottery Scam

    STEPS TO AVOID SCAMS If it’s too good to be true, it probably is. You cannot win if you don’t play. Do not get played by con artists! Be aware of the scams and avoid them.

    Ensuring a fair Lottery for the nation

    Steer Clear of Scams with these Tips from the Texas Lottery Commission

    International Lottery Scams

    UK Lottery E-mail Scams Warning

    Beware of fake lottery scams

    Lottery scams Lottery, sweepstake or prize draw fraud happens after fraudsters contact you to tell you you’ve won a large sum of money in an international lottery, sweepstake or other prize draw.

    Unexpected prize & lottery scams Unexpected prize and lottery scams work by asking you to pay some sort of fee in order to claim your prize or winnings from a competition or lottery you never entered.

    Sweepstakes and Lottery Scams Watch out for Powerball Jackpot scams Where there is big money and publicity, scammers are sure to follow

    U.S. Postal Inspectors warn seniors against sweepstakes scams: You’re a Guaranteed Loser!

    Remember: You do not have to pay to enter a sweepstakes or collect a prize. If you’re asked to pay, the sweepstakes is a scam.

    Unexpected prize and lottery scams work by asking you to pay some sort of fee in order to claim your prize or winnings from a competition or lottery you never entered.

    How to Tell if You Won or Are Being Scammed Questions you should ask before responding to a win notice.

    Prize Scams

    12 Warning Signs of Sweepstakes Scams How to tell the difference between a real sweepstakes win and a scam.

    Who is hurt the most by sweepstakes scams and how to avoid it

  7. Reply

    Reference Nigerian 419 Scams

    What I Learned Hanging Out With Nigerian Email Scammers
    On a recent trip to the West African country, two fraudsters schooled me in the tricks of their trade.

    New ‘Nigerian Prince’ Email Scams Are Making Their Rounds

    This Nigerian scam is literally out of this world

    SCAM: The Nigerian Advance Fee Scheme

    Nigeria says $15 billion stolen in security scams by Jonathan govt, three times more than earlier estimates The looted amount “is more than half of the current foreign reserves” of Africa’s largest economy


    Romance scam group busted

    Nigerian crime and corruption No fantasy Why it became so ubiquitous

    Kiln woman, three others admit running Nigerian scams Victims were targeted via mail, email, online advertising. Identities stolen, fake cr cards made Ill-gotten goods re-shipped overseas

    FBI Nigerian Letter or “419” Fraud

    What is a “419” Scam

    Welcome to the world of Scambaiting!

    Nigerian Scam Scammers offer to give away free money for helping them move large sums to American banks.

    Nigerians nabbed for dating scam

    World’s Biggest Scams You Need to Know [Infographic]

    Who Made That Nigerian Scam?

    The “Nigerian” Email Scam So-called “Nigerian” email scams are characterized by convincing sob stories, unfailingly polite language, and promises of a big payoff.

    Faking it — scammers’ tricks to steal your heart and money

    Welcome to Romance Scam! Dedicated to fighting Nigerian and Russian romance scammers.

    I went to Nigeria to meet the man who scammed me

    Nigerian 419 scam

    What is a 419 (Advance-fee Fraud) Scam?

    Nigerian 419 scam

  8. Reply

    Reference Pet Scams

    9 Investigates: Pet scammers demand payments, don’t deliver on puppies
    8 On Your Side: Warning! Pet Sale Scams
    Pet Detectives, Read On! 4 Pet Scams to Watch Out For
    Don’t fall for this Facebook pet scam
    A Cute, Cuddly Rip Off? It’s a Puppy Scam
    Florence police warn residents of Internet ‘pet scams’ involving purebred dogs
    Better Business Bureau says online puppy sale scams on the rise
    Online puppy scams target pet buyers with fake ads and false promises
    Fake websites steal photos for puppy scams, BBB says
    Beware of Internet Pet Scams
    FTC Warns Against Puppy Scams
    Growl! Bark! Puppy scams aren’t cute
    Beware of Online Puppy Love Scammers take your money but never send the dog
    Pet Scam: The Animal Control Officer Who Wants Cash
    Dognapping Up in a ‘Ruff’ Economy
    Man’s Best Friend Used in Pet Scams
    How to Spot and Avoid Online Pet Scams Crooks are taking advantage of people looking to get, or find, a dog or cat
    Internet Pet Scams
    Internet pet scams you should be aware of…! See the animal first, FACE TO FACE, Do NOT pay funds overseas, Do not “wire” funds
    7 Top Pet Scams That Cost Money and Even Animal
    A new dog…and scammers’ old tricks
    Consumer Scam: Internet Pet Sales Why you should never buy a pet online
    Shaved cat passed off as Sphynx, warns pet scam victim
    Fake pedigree pet scams on rise

  9. Reply

    Reference Senior Grandparent Scams

    How to Guard Against Common Scams That Target Seniors Hundreds of thousands of older Americans are victims of financial fraud and theft every year.

    Top 10 Senior Scams and How to Avoid Them

    These scammers are targeting your elderly parents

    8 costly scams that target senior citizens

    Top 10 Financial Scams Targeting Seniors

    Navarre senior avoids becoming grandparent phone scam victim

    Grandparent Phone Scam: Oklahoma Grandmother Targeted in Telephone Fraud Involving Granddaughter and Drunk Driving

    Stories of fraud help guard against scams aimed at GV

    New rash of scams targeting senior citizens

    Police See Familiar Pattern in Scams Targeting Elderly Scams involving law enforcement impersonators are becoming more common; police will never ask people to pay fines and fees with gift cards.

    New twist on grandparent scam leaves Tampa family frightened

    Relatives of elders need to watch for new ‘friendships’


    “Virtual Kidnapping” and “Grandparent Scams” up this month

    Police: SCAM ALERT: Don’t Fall For It – Grandparent & IRS Scam

    Collins: Grandparent scams still targeting seniors

    Scam tries to make grandparent think grandchild is hurt or in danger
    Read more here:

    Experts: Scams targeting the elderly a growing trend

    Edmond woman warns others of Facebook impersonation scam

    Top 10 scams targeting seniors

    Fake sweepstakes scam elderly out of thousands

    Tech Support Scams


    Scam Costs Elderly Couple Almost One Million Pounds

    World’s Biggest Scams You Need to Know [Infographic]

    What Seniors (And Their Children) Need To Know About Tech Support Scams

    Senior Citizens – Fraud Target

    Seniors are becoming more scam-savvy

  10. Reply

    How to Spot Phone Scams – The Ultimate Guide

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