INTERNET SCAM INVESTIGATIONS

Online Scams Are Everywhere – We’re Here to Help You Recover!

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Tracing Internet Fraud & Online Scam

Internet fraud is gripping the world; in recent years, it has exponentially increased and poses a potential threat. The rate at which these online fraudulent activities are spreading is quite alarming.

As per statistics, seniors are more likely to fall easy prey to these scams as they lack the necessary awareness. In 2019, seniors lost $1.8 to various online scams, and this figure jumped to $3.3 in 2020. These are the numbers as per the official report; these figures are more in reality, as many refrain from complaining to the authorities because they feel guilt and shame. 

During the pandemic, as per the FBI’s 2022 report, only 23% of seniors reported being scammed, whereas 43% of those between the ages of 20 and 29 reported fraud. It has also been observed that scammers are more likely to target seniors as they lack the necessary awareness and also find it challenging to report fraud. They are also more likely to have substantial wealth compared to the younger generation.

Additionally, 47% of Americans were identified as identity theft victims by the research. Thus, falling victim to a scam only once does not guarantee that they won’t be a future target for online scams and fraud.

Common Types Of Online Scams

Every year, internet scams result in losses exceeding billions of dollars. We have listed a few frauds that are quite common on the internet.

It is human nature to help each other in times of need, regardless of the charity cause or to help those victims of a disaster. Scammers know well that many would extend their hand and help as much as they could for the cause. They rip off their potential victims under the guise of a charity that provides help to the underprivileged or victims of a disaster.

Everybody wants to upgrade their lifestyle, and for many, a 9-to-5 job won’t guarantee the lifestyle that you always aimed for. Thus, investing and trading in traditional financial markets and crypto markets offers everyone participating in them the opportunity to make substantial amounts of money. Scammers know that not everyone understands finance and are ready to mislead potential naive victims into financial blunders. Regardless of their financial status, these con artists are prepared to defraud their prospective victims. Thus, they make money at the expense of their victims’ financial health.

Under the guise of offering a high-paying job, scammers will entice their victims through online job scams. These types of scams are becoming more popular as many people lost their jobs during the pandemic period. Certain jobs on the market have become nonexistent. Scammers take advantage of this by demanding money in exchange for a fictitious job. Scammers will frequently ask for money under the guise of “processing CVs.” Victims will pay the money as they are guaranteed a secured job and, thus, are pushed into further financial burden.

Fake Charity and Disaster Relief Scams

It is human nature to help each other in times of need, regardless of the charity cause or to help those victims of a disaster. Scammers know well that many would extend their hand and help as much as they could for the cause. They rip off their potential victims under the guise of a charity that provides help to the underprivileged or victims of a disaster.

Investment Scams

Everybody wants to upgrade their lifestyle, and for many, a 9-to-5 job won't guarantee the lifestyle that you always aimed for. Thus, investing and trading in traditional financial markets and crypto markets offers everyone participating in them the opportunity to make substantial amounts of money. Scammers know that not everyone understands finance and are ready to mislead potential naive victims into financial blunders. Regardless of their financial status, these con artists are prepared to defraud their prospective victims. Thus, they make money at the expense of their victims' financial health.

Job Opportunity Scams

Under the guise of offering a high-paying job, scammers will entice their victims through online job scams. These types of scams are becoming more popular as many people lost their jobs during the pandemic period. Certain jobs on the market have become nonexistent. Scammers take advantage of this by demanding money in exchange for a fictitious job. Scammers will frequently ask for money under the guise of “processing CVs.” Victims will pay the money as they are guaranteed a secured job and, thus, are pushed into further financial burden.

Tips To Avoid Online Scams

  • Avoid providing sensitive details to someone that you have recently met online; refrain from indulging in sensitive details that you may not even share with your near and dear ones. If someone starts to probe you with such questions, then be cautious with your interaction.
  • Use a strong and secure password, and also use a multi-authentication feature as an added security layer while accessing sensitive details and financial accounts. 
  • Regularly update your password.
  • Use and keep up-to-date virus protection software.
  • Never open any attachment or link that has been provided through unsolicited emails, messages, or texts on your social media platform, messaging app, or email.
  • It’s a 100% fake job opportunity if someone promises you to pay a processing fee for applying for a job.
  • Always match your skills and credentials when someone is offering you a job and demands an upfront fee that will be reimbursed in the first paycheck you receive.
 

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FAQ’s About Internet Scam

These are the red flags you must be wary of when you are provided with an online business opportunity. When someone you have met online stays a flight or two away from you and starts to probe you for your details, If they start to demand money frequently, If they say they are interested in your financial security, They regularly compliment you and reveal less of themselves.
One of the best ways to spot scammers is through inconsistency in the story that they narrate.

Once you discover that you have been scammed, contact the Federal Trade Commission (FTC) and file an online complaint. Go to your local law enforcement office and provide them with the scam’s specifics. Provide complete information of the scam in your report, which should be filed with the Internet Crime report Center (IC3).
Contact your bank and credit bureau regarding the scam. Ask them to temporarily put a freeze on your bank accounts until the investigation is completed. Get a free credit report and check it for any unusual activities or unauthorized transactions. Once you locate one, inquire about it with your bank.
Alternatively, contact our experts, who will provide you with realistic and quick recovery solutions for your case.

You can always seek professional help by contacting and providing the details of the scam to higher authorities like the FTC, local law enforcement agencies, IC3, bank authorities, and credit bureaus. If you wish to seek quick and steady progress in your case, consider contacting us, our expertise will provide you with an optimistic recovery and resolution of your lost financial assets.