Are there common consumer fraud scenarios to be aware of?

Be wary if you are required to pay a fee before receiving a loan. Beware of sweepstakes, prize or lottery company representatives who tell you to transfer money to them in order to claim a prize you’ve won. There are many companies running fraudulent contests that ask you to transfer them money but give you nothing in return. Beware of unsolicited letters or emails from a Nigerian or other foreign government officials requesting assistance in the transfer of excess funds from a foreign country into your bank account. Beware of telephone calls from the police claiming someone you know has been in an accident or arrested and is requesting money. Beware of unsolicited letters or emails offering an unrealistic price for expensive or difficult to find merchandise. Make sure you know to whom you are sending money. If you are purchasing goods or services and paying through the Western Union network, it is your responsibility to verify the reputation and legitimacy of the seller. Western ...  more

• Be wary if you are required to pay a fee before receiving a loan. • Beware of sweepstakes, prize or lottery company representatives who tell you to transfer money to them in order to claim a prize you've won. There are many companies running fraudulent contests that ask you to transfer them money but give you nothing in return. • Beware of unsolicited letters or emails from a Nigerian or other foreign government official requesting assistance in the transfer of excess funds from a foreign country into your bank account. Beware of telephone calls from the police claiming someone you know has been in an accident or arrested and is requesting money. • Beware of unsolicited letters or emails offering an unrealistic price for expensive or difficult to find merchandise. • Beware of telephone calls from the police claiming someone you know has been in an accident or arrested and is requesting money. • Beware of sellers requesting money sent through Western Union using a fictitious name or ...  more