Keep Up With Global Black News

Sign up to our newsletter to get the latest updates and events from the leading Afro-Diaspora publisher straight to your inbox.

Avatar photo
BY Mildred Europa Taylor, 6:38am September 03, 2018,

6 biggest financial scams you should watch out for right now

Avatar photo
by Mildred Europa Taylor, 6:38am September 03, 2018,

6 biggest financial scams you should watch out for right now

Lottery scam

This scheme has been used for years. Scammers often notify people that they have won a lottery, often a lottery abroad. But the thing is before you claim your prize, you must first pay a fee.

These fees, according to the scammers, are for insurance costs, and government taxes, bank fees or courier charges.

Without giving victims their prize winnings, the scammers would go ahead and make money by continually collecting these fees.

Sometimes the scammers will actually send you a cheque for part of your winnings to trick you into thinking the offer is genuine.

However, this cheque will eventually bounce.

Last Edited by:Nduta Waweru Updated: September 3, 2018

Conversations

Must Read

Connect with us

Join our Mailing List to Receive Updates

Face2face Africa | Afrobeatz+ | BlackStars

Keep Up With Global Black News and Events

Sign up to our newsletter to get the latest updates and events from the leading Afro-Diaspora publisher straight to your inbox, plus our curated weekly brief with top stories across our platforms.

No, Thank You