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Fraud in Money Transfers

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You’ve won a prize! I’m in a foreign country, and I need cash. We’re temporarily unable to accept credit cards. Your dream apartment is available immediately at an incredible price!

These are statements that get attention and often tempt the most reasonable, intelligent and trusting consumers into literally handing over their hard-earned dollars to complete strangers. Money transfer scams come in many forms, so it is vital to stay on top of the latest scams to steal your money. Some fraudulent attempts can tug at your heartstrings, entice you financially and intrigue your curiosity. However, often what seems to good to be true…is.

Protect yourself against consumer fraud by not falling victim to money-scamming schemes. Here is some information about money transfer scams:



If you think you have been a victim of a fraudulent money transfer, report the claim to the money transfer company and ask that it be reversed. It is highly unlikely that the transaction will be refunded, but it is important to report these activities. Don’t forget to file a complaint with the Federal Trade Commission at

This article by Jeremy Marcus first appeared on Jeremy Marcus Finance and was distributed by the Personal Finance Syndication Network.