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Frauds and scams
 

Frauds and scams

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This presentation will look at the different kinds of frauds and scams prevalent in our society today. We will show you how to identify them. We will give you some advice on how to avoid them. And ...

This presentation will look at the different kinds of frauds and scams prevalent in our society today. We will show you how to identify them. We will give you some advice on how to avoid them. And we will show you what to do if you are the victim of one of these crimes.

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    Frauds and scams Frauds and scams Presentation Transcript

    • FRAUDS AND SCAMS SPONSORED BY COEBURN POLICE DEPT CREATED BY H. STALLARD JANUARY 2008 hstallard@yahoo.com
    • FRAUDS AND SCAMS This presentation will look at the different kinds of frauds and scams prevalent in our society today. We will show you how to identify them. We will give you some advice on how to avoid them. And we will show you what to do if you are the victim of one of these crimes.
    • FRAUDS AND SCAMS All frauds and scams have two goals in common. They want your money or They want the information that will get your money.
    • FRAUDS AND SCAMS Anyone can be victim of a fraud or scam. But 9 out of 10 times the elderly are targeted because they are more likely to have pensions, saving accounts, money marketing accounts, jewelry, and are usually more trusting.
    • TYPES OF FRAUDS AND SCAMS Those attempted in person…
    • TYPES OF FRAUDS AND SCAMS Telemarketing Scams…
    • TYPES OF FRAUDS AND SCAMS Those attempted through E-Mail Snail Mail
    • TYPES OF FRAUDS AND SCAMS Those directed at Credit Cards and ATM Machines
    • TYPES OF FRAUDS AND SCAMS Identity Theft
    • General tip-offs to a fraud or scam 1. They contact you first. 2. They want cash only. 3. They use phrases like… hurry, today only, last chance, you must act now. 4. It is a get rich quick thing. 5. Sounds too good to be true. 6. They want money up front. 7. They need your credit card number, bank account number, or check number.
    • General tip-offs to a fraud or scam 8. Something is free but you must pay shipping, handling, postage, tax, etc to receive it. 9. They use scare tactics. (If you don’t fix the roof now it will cost you thousands later.) 10.You don't need to check out the company with your family, lawyer, accountant, local Better Business Bureau, or consumer protection agency. 11.You can't afford to miss this 'high-profit, norisk' offer.
    • In Person Scams Most in person scams are of the home repair type.
    • In Person Scams Roof Repair Asphalt Driveway Paving Furnace or Heat Pump Water Heater Repair Pest Control Inspections Siding
    • In Person Scams The scam artists use high pressure tactics to sell unneeded and overpriced contracts for "home improvements.“ In these scams they approach you first. They talk too fast (to confuse you) and pressure you to sign papers today; They have left-over supplies from another job and will let you have them cheap. They were driving by and just happened to notice a problem with your roof, driveway, porch, etc.
    • In Person Scams They want to offer you a free inspection of your roof, driveway, porch, etc. They need cash up front to buy the materials to fix the problem. If they actually come back, the work is poorly done usually with inferior materials. Often these scam artists charge more than their quoted prices or their work does not live up to their promises.
    • Telemarketing Scams Under Federal Law: It’s illegal for a telemarketer to call you if you have asked not to be called. Calling times are restricted to the hours between 8 a.m. and 9 p.m. Telemarketers must tell you it’s a sales call, the name of the seller, and what they are selling… before they make their pitch.
    • Telemarketing Scams Under Federal Law: If it’s a prize promotion, they must tell you that you don’t have to pay or buy anything to enter or win. Telemarketers may not lie about any information. Before you pay, telemarketers must tell you the total cost of the goods and any restrictions on getting or using them, or that a sale is final or non-refundable.
    • Telemarketing Scams Under Federal Law: In a prize promotion, they must tell you the odds of winning, that no purchase or payment is necessary to win and any restrictions or conditions of receiving the prize. Telemarketers may not withdraw money from your checking account without your express, verifiable authorization.
    • Telemarketing Scams Under Federal Law: It’s illegal for any company to ask you to pay or buy something to win a prize, or to claim that paying will increase your chances of winning. It’s illegal to buy and sell tickets to foreign lotteries by phone or mail.
    • Telemarketing Scams To resist high-pressure sales tactics... Say so if you don’t want the seller to call back. If they do call back, they’re breaking the law. That’s a signal to hang up. Ask for written information about the product, service, investment opportunity or charity that’s the subject of the call.
    • Telemarketing Scams To resist high-pressure sales tactics... Hang up if you are asked to pay for a prize… free is free. Keep information about your bank accounts and credit cards private unless you know who you are dealing with. Hang up if a telemarketer calls before 8 a.m. or after 9 p.m.
    • Telemarketing Scams To resist high-pressure sales tactics... Check out any company with the state and local consumer protection office before you buy any product or service or donate any money as a result of an unsolicited phone call. Do not send money — cash, check or money order — by courier, overnight delivery or wire to anyone who insists on immediate payment.
    • PHISHING Phishing on the Internet
    • PHISHING Phishing is a type of deception designed to steal your valuable personal data, such as credit card numbers, passwords, account data, or other information by masquerading as a trustworthy entity in an electronic communication. PayPal, eBay, and online banks, are common targets.
    • PHISHING What does a phishing scam look like? They often include official-looking logos from real organizations and other identifying information taken directly from legitimate Web sites.
    • PHISHING To make these phishing e-mail messages look even more legitimate, the scam artists may place a link in them that appears to go to the legitimate Web site but it actually takes you to a phony scam site or possibly a pop-up window that looks exactly like the official site.
    • PHISHING How to tell if an e-mail message is fraudulent. Phrases to look for if you think an e-mail message is a phishing scam. Verify or reactivate your account. If you don't respond, your account will be closed. Dear Valued Customer---Phishing e-mail messages are usually sent out in bulk and often do not contain your first or last name. Click the link below to gain access to your account.
    • PHISHING How to tell if an e-mail message is fraudulent.
    • PHISHING How to tell if an e-mail message is fraudulent.
    • PHISHING How to tell if an e-mail message is fraudulent.
    • PHISHING How to tell if an e-mail message is fraudulent.
    • PHISHING How to tell if an e-mail message is fraudulent.
    • PHISHING How to protect yourself from Internet Phishing Use the latest products and services to help warn and protect you from online scams Install the Microsoft Phishing Filter Install up-to-date antivirus and antispyware software. Don’t open any unsolicited or suspicious E-Mail messages.
    • MAIL FRAUD The US Postal Service lists 50 different categories that you can make a mail fraud complaint about.
    • MAIL FRAUD Everything said previously about scams also applies to mail fraud. If you suspect you are a victim of mail fraud, you can contact the US Postal Inspection Service through your local post office or go on line and File a Mail Fraud Complaint.
    • CREDIT CARD FRAUD Your card… Or its information 5050 6060 7070 8080 Exp. 01/09 is the goal here
    • TO PREVENT CREDIT CARD FRAUD Never give your card number over the phone or internet unless you initiated the call. Never provide your credit card information on a website that is not a secure site. Shred all credit card applications you receive. Memorize your PIN. NEVER write it down.
    • TO PREVENT CREDIT CARD FRAUD Don’t let your card out of your sight if at all possible when it is being used.
    • TO PREVENT CREDIT CARD FRAUD Shield your credit card number so that others around you can't copy it. Keep a list in a secure place with all of your account numbers, expiration dates, phone number, and address of each bank that has issued you a credit card. Never sign a blank credit card receipt. Draw a line through blanks on the receipt where additional charges could be fraudulently added.
    • IF YOU SUSPECT CREDIT CARD FRAUD: If your credit cards are lost or stolen, contact the issuer(s) immediately. Most credit card companies have toll-free numbers and 24-hour service to deal with these emergencies. By US law, once you have reported the loss or theft of your credit card, you have no more responsibility for unauthorized charges. Your maximum liability under federal US law is $50 per credit card
    • ATM SCAMS
    • ATM SCAMS
    • ATM SCAMS
    • ATM SCAMS
    • ATM SCAMS
    • ATM SCAMS
    • ATM SCAMS
    • ATM SCAMS
    • IDENTITY THEFT
    • WHAT IS IDENTITY THEFT? Identity-Theft is the fastest growing crime in America; 9.9 MILLION victims were reported in 2004 according to a Federal Trade Commission survey. Identity theft occurs when someone uses your personally identifying information, like your name, Social Security number, or credit card number, without your permission, to commit fraud or other crimes.
    • HOW DO THIEVES STEAL AN IDENTITY? Dumpster Diving… They rummage through trash looking for bills or other paper with your personal information on it.
    • HOW DO THIEVES STEAL AN IDENTITY? Skimming… They steal credit/debit card numbers by using a special storage device when processing your card.
    • HOW DO THIEVES STEAL AN IDENTITY? Phishing… They pretend to be financial institutions or companies and send spam or pop-up messages to get you to reveal your personal information.
    • HOW DO THIEVES STEAL AN IDENTITY? Changing your address… They divert your billing statements to another location by completing a change of address form.
    • HOW DO THIEVES STEAL AN IDENTITY? Old-Fashioned Stealing… They steal wallets and purses; mail, including bank and credit card statements; preapproved credit offers; and new checks or tax information. They steal personnel records, or bribe employees who have access.
    • HOW CAN YOU FIND OUT IF YOUR IDENTITY WAS STOLEN? The best way to find out is to monitor your accounts and bank statements each month, and check your credit report on a regular basis.
    • HOW CAN YOU FIND OUT IF YOUR IDENTITY WAS STOLEN? You may find out when… Bill collection agencies contact you for overdue debts you never incurred. You apply for a mortgage or car loan and learn that problems with your credit history are holding up the loan. You get something in the mail about an apartment you never rented, a house you never bought, or a job you never held.
    • What are the steps I should take if I'm a victim of identity theft? 1. Place a fraud alert on your credit reports, and review your credit reports. (see hand out) 2. Close the accounts that you know, or believe, have been tampered with or opened fraudulently. 3. File a complaint with the Federal Trade Commission. (see hand out) 4. File a report with your local police or the police in the community where the identity theft took place.
    • REMEMBER…THEY ARE OUT THERE WAITING FOR YOU
    • • COEBURN POLICE DEPARTMENT • 114 FRONT STREET • 395-2111 • CHIEF SCOTT BROOKS • sbrooks@townofcoeburn.com