Archives for July 2014

Travel Scams to look out for this summer

slide_341678_3527133_freeTourists are often the most vulnerable to scams; they are probably unfamiliar with the surrounding area, are often in need of help and information and tend to be trusting of locals, are likely not to question what they see or are told, often cannot speak the language where they are, and are probably carrying large amounts of cash and credit.

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Senior scams target trusting Grandparents

SENIOR_CITIZENS_FIND_THAT_NEW_ULM,_MINNESOTA,_IS_A_GOOD_PLACE_TO_RETIRE._THERE_IS_A_CLOSE_COMMUNITY_RESPONSIBILITY..._-_NARA_-_558327Financial fraud against older Americans is growing rapidly – with some scams so brazen they almost defy belief.

In one scenario, phone scammers posing as relatives of older people aim straight for the seniors’ bank accounts – and all too often hit the jackpot. Last December, an 81-year-old Cincinnati grandfather received a call “that sent my life into a tailspin and conned me out of $7,000 in what I now know was a phone scam,” he told the Senate Select Committee on Aging at a hearing on Wednesday.

– See more at: http://www.thefiscaltimes.com/Articles/2014/07/18/Grandpa-Scam-s-Costing-Seniors-Bundle#sthash.CKfcwZlc.dpuf

American women targeted as Malaysia becomes Internet scam haven

imageKUALA LUMPUR (Reuters) – Hundreds of American women are being ensnared by Internet scammers based in Malaysia, with some losing over a quarter of a million dollars, as the country becomes an epicentre for online crime perpetrated by Africans, U.S. officials say.

The mostly Nigerian conmen, who enter Malaysia on student visas, take advantage of the country’s good Internet infrastructure to prey on lonely, middle-aged women, wooing them on dating websites before swindling their savings, they said.

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