Legitimate letters of credit are never sold or offered as investments. They are issued by banks to ensure payment for goods shipped in connection with international trade. Payment on a letter of credit generally requires that the paying bank receive documentation certifying that the goods ...Read the rest

Redemption / Strawman / Bond Fraud Proponents of this scheme claim that the U.S. government or the Treasury Department control bank accounts—often referred to as “U.S. Treasury Direct Accounts”—for all U.S. citizens that can be accessed by submitting paperwork with state and federal authorities. Individuals ...Read the rest

Health Care Fraud or Health Insurance Fraud Medical Equipment Fraud: Equipment manufacturers offer “free” products to individuals. Insurers are then charged for products that were not needed and/or may not have been delivered. “Rolling Lab” Schemes: Unnecessary and sometimes fake tests are given to individuals ...Read the rest

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. The variety of advance fee schemes is limited only by the ...Read the rest

Identity theft occurs when someone assumes your identity to perform a fraud or other criminal act. Criminals can get the information they need to assume your identity from a variety of sources, including by stealing your wallet, rifling through your trash, or by compromising your ...Read the rest

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 from Nigeria offers the recipient the “opportunity” to share in a percentage of millions of dollars that the ...Read the rest

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. Here are some warning signs of telemarketing fraud—what a caller may tell you: “You ...Read the rest

Watch out for the savvy business developer promising investors quick return on investment. Remember that some of the biggest fraudsters in South Florida had one thing in common. Offering quick and great returns on your investment dollars. Be careful of the scam artist who simply ...Read the rest

Fraudsters are the real sharks in the water says fraud expert Linda Webb,aka Fraud Dog. Fraudsters are everywhere even lurking in the world of seafood sales.   It is important to know what you are buying and from reputable markets.  In the consumers mind bigger ...Read the rest

Thieves will use anything to separate you from your hard earned money- even toilet paper!  Last week four former telemarketers at FBK Products were sentenced in federal court for scamming customers into purchasing their new product.  They claimed the U.S. Environmental Protection Agency had mandated ...Read the rest