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Mass Marketing Fraud
Reviewing its Types, Examples and
Prevention Methods
What is Mass
Marketing Fraud?
When people use mass
communication media
(telephone, internet, television,
radio, etc) to scam others is
known as mass marketing fraud.
With the help of mass media
these fraudsters try to solicit and
obtain money or funds.
Mass Marketing Fraud Classification
On the basis of communication mechanism :
● Internet Fraud
● Mail Fraud
● Telemarketing Fraud
On the basis of the scheme :
● Lottery Fraud
● Loan Fraud
● Insurance Fraud
● Quiz Fraud
● Mobile Tower Fraud
Most Common Mass Marketing Frauds
Foreign Lotteries Scams :
It is one of the most common consumer
frauds.
Victims are told they have won a lottery and
they must pay taxes or fees to collect the
winnings.
Nigerian Letter Scams :
Victims are asked to transfer funds out of
Nigeria in return for a share of the money.
They are told to share their bank account
information under the pretence that it is
needed to complete the transaction.
Most Common Mass Marketing Frauds
Charity Scams :
Perpetrators ask donations in the name of
non-existent or fraudulent charities.
This is most common during holidays or in
the aftermath of disasters.
Romance Scams :
Victims are duped into sending money to
perpetrators who convince them that they
are in a genuine relationship.
They use manipulative language so that
money request do not raise any alarm bells.
Example of Mass
Marketing Frauds
In 2012, an Illinois woman
received a message saying
that she had won $40,000
in the Mega Millions game.
She was instructed that
she claim the prize by
sending them a processing
fee to expedite the transfer
of funds.
How to Spot Mass Marketing Frauds
Look for the following signs to spot a mass marketing scam :
● The offer is ‘too good to be true’.
● Payment is asked in advance.
● Offer is unsolicited.
● Personal information is asked over telephone.
● Perpetrators claim that immediate action is required.
How to be Protected from Mass Marketing Scams
Take the following steps to protect yourself from mass marketing frauds :
● Inspect representatives’ credentials carefully.
● Do not do business with anyone who asks for money in advance for
awarding a prize.
● Take time to thoroughly research offers before accepting.
● Get all offers in writing and keep a copy for your records.
● Be alert and do not believe everything you are told.
THANK YOU
Presented By :
Sai Narula
Manager, Marketing 2.0 Conference
https://www.marketing2conf.com/

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Mass Marketing Fraud - Reviewing its Types, Examples and Prevention Methods | Marketing2Conf | Marketing 2.0 Conference

  • 1. Mass Marketing Fraud Reviewing its Types, Examples and Prevention Methods
  • 2. What is Mass Marketing Fraud? When people use mass communication media (telephone, internet, television, radio, etc) to scam others is known as mass marketing fraud. With the help of mass media these fraudsters try to solicit and obtain money or funds.
  • 3. Mass Marketing Fraud Classification On the basis of communication mechanism : ● Internet Fraud ● Mail Fraud ● Telemarketing Fraud On the basis of the scheme : ● Lottery Fraud ● Loan Fraud ● Insurance Fraud ● Quiz Fraud ● Mobile Tower Fraud
  • 4. Most Common Mass Marketing Frauds Foreign Lotteries Scams : It is one of the most common consumer frauds. Victims are told they have won a lottery and they must pay taxes or fees to collect the winnings. Nigerian Letter Scams : Victims are asked to transfer funds out of Nigeria in return for a share of the money. They are told to share their bank account information under the pretence that it is needed to complete the transaction.
  • 5. Most Common Mass Marketing Frauds Charity Scams : Perpetrators ask donations in the name of non-existent or fraudulent charities. This is most common during holidays or in the aftermath of disasters. Romance Scams : Victims are duped into sending money to perpetrators who convince them that they are in a genuine relationship. They use manipulative language so that money request do not raise any alarm bells.
  • 6. Example of Mass Marketing Frauds In 2012, an Illinois woman received a message saying that she had won $40,000 in the Mega Millions game. She was instructed that she claim the prize by sending them a processing fee to expedite the transfer of funds.
  • 7. How to Spot Mass Marketing Frauds Look for the following signs to spot a mass marketing scam : ● The offer is ‘too good to be true’. ● Payment is asked in advance. ● Offer is unsolicited. ● Personal information is asked over telephone. ● Perpetrators claim that immediate action is required.
  • 8. How to be Protected from Mass Marketing Scams Take the following steps to protect yourself from mass marketing frauds : ● Inspect representatives’ credentials carefully. ● Do not do business with anyone who asks for money in advance for awarding a prize. ● Take time to thoroughly research offers before accepting. ● Get all offers in writing and keep a copy for your records. ● Be alert and do not believe everything you are told.
  • 9. THANK YOU Presented By : Sai Narula Manager, Marketing 2.0 Conference https://www.marketing2conf.com/