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Types of Online Fraud



 

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Phishing (Top)

"Phishing" (pronounced "fishing") is when criminals use e-mail to try to lure you to fake websites, where you're asked to disclose confidential financial and personal information, like passwords, credit card account numbers or Social Security Numbers.

We suggest that you should never respond or reply to e-mail that:

 

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Fraudulent E-mails (Top)

E-mail fraud is a tool in common use by the con artists. It can take many forms, but is usually harsh, demanding and scary. Here are some examples:

Phishing scams now have a phone connection
first; it was "phishing," where criminals send e-mail by the thousands in hopes of tricking unsuspecting consumers into sharing confidential information. These messages often include a link to a fraudulent website. But now, there’s “vishing.” In this latest twist, they use a telephone number instead. When you call, a person or an automated response asks for your personal and/or account information.

Don't fall for it!

Use only a phone number that comes from a reputable source, like your statement, the back of your credit or debit card or the phonebook when contacting your financial institutions.

In general, the solicitation for a profitable money deal is very simple and almost always similar:

The unknown sender purports to be the family relative or close friend of a former member of the government or an important and rich businessman who lost his life during political changes or during the September 11 attack or an accident. Before the person died he deposited a large amount of money in a bank account. The sender of the letter maintains that he has legal access to the account and intends to transfer the money to a foreign account

 The mail sender requests discreet and confidential handling of the deal while the expected enormous profit makes the receiver forget or ignore all rules of secure and professional business. The victim is asked to open a special bank account to allow the correct remittance of the money.

The next phase of the fraud is convincing the victims that the money transfer is in progress. Several documents are provided bearing apparently official government letterhead and seals, as well as false letters of credit, payment schedules and bank drafts. The name of the victim is almost always already mentioned in the documents.

What to do if you receive one of these fraudulent messages:

- Do not reply to any of these messages, delete it immediately
- Do not surrender details of your bank accounts
- Do not surrender details of your company
- Do not send or hand over ID documents and letters with your personal or official letterheads     
and ---logos - not even copies –

What to do

if you are already in contact with perpetrators or have already paid advance fees:

- Save all received and sent messages
- Save all documents of transactions and remittances
- Do not agree to attend meetings where money is promised to be handed over to you
- Contact your local police forces and follow their advice

For additional information on scams of this type, please see this ADVISORY from the US Secret Service: http://www.secretservice.gov/fraud_email_advisory.shtml

 

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Fraudulent E-mail Examples (Top)

The following are examples of e-mail that we have received. Please remember these are not legitimate messages and should not be responded to.

Phishing E-mail Example #1 >>

Phishing E-mail Example #2 >>

Phishing E-mail Example #3 >>

Phishing E-mail Example #4 >>

 

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Investment Schemes (Top)


"Criminals may seek out individuals who have a trusting nature, respect authority, or are overly compassionate. They may tailor their scam to fit these characteristics and, in effect, use a person's best qualities against them. This is another reason why crimes of fraud are especially insidious and may have such long-lasting psychological effects." (source)  



Very often, Lavi group have been approached by an increasing number of investors yawning to enter into what is commonly called a "High Yield Investment Program" or "HYIP" or "enhancement program," placement program , Such "investments" are sometimes also known as "trading programs" or "roll programs",

Seeking for a fantastic yield of 1000% per week.  We’re not aware of such program on retailer’s level, apart from large institutional investor who can earn above-average returns by trading in certain financial instruments under the auspicious control licensed and specialized financial institutions.

We at Lavi International Corporation does not encourage, associated with, manage or operate such a program, and urges potential Investors to proceed with extreme caution when considering such investment proposals. Beware of sales pitches that make exaggerated claims about the expected profitability of a particular investment, or make specific price predictions, such as, "your money will double in one week or six months," especially if dealing with a broker who is new to you. If it sounds too good to be true, it usually is.

Especially if the investment opportunity being considered contains one or more of the following indications, directions, terms and parameters.

There are investigating cases in which an investor has lost millions of dollars by investing in a fraudulent HYIP. In our experience, most of the investments promoted as HYIP "trading programs" have been "pyramid schemes" in which previous investors are paid by distributing the investment funds deposited by newer investors.

Keep your guard up. Expect ready responses and a cool demeanor in the face of your skepticism. These scammers lie for a living.

Returning to the Well!
Once scammers have your contact (and possibly financial) information, they will likely try repeatedly to separate you from your money, even months or years later or for a new scam. Scammers may attempt to solicit additional funds from you by creating false roadblocks to the proposed transaction. These roadblocks might be presented to you as administrative fees, such as bank transfer fees or fees to lift unexpected stock restrictions. Be advised: If you have already sent money to a scammer, don't send more!  (Source)

If you choose to invest, consider other factors like track record, asset base and management expertise. Such information is invaluable and should not be overlooked. Any organization that hoards information of this kind is suspect; for fraud and falsehood dread examination, whereas truth invites it. Furthermore, do not bank on a high ROI alone. Any investment that looks too good to be true - probably is. I once bought a pair of shoes that was so good looking yet so cheap that I blessed the People's Republic of China. I couldn't retrace my steps 72 hours later, when it's sole gave way. Now I can safely say that investments promising an unusually high ROI are most often scams. They often have little or no underlying businesses and as such provide little or no information about their operations. Most importantly, they are destined to fail because, by design, their liabilities are inherently greater than their assets - right from day one till the very end. Unfortunately, this fact is not discernible at decision time; not when there are immediate needs that need to be met.

We'd like to share some of our hard-earned lessons with you to help safeguard your capitals, through collective work, information and education thereby makes it more difficult for Scammers, fraudsters, con artists, and other financial criminals to operate with impunity.

If you feel that you have made an investment in a potentially fraudulent "trading program", we urge you to immediately contact the appropriate authorities.

 In the USA, the local office of the FBI or SECRET SERVICE should be able to help you.

In the European Union, we suggest contacting the local INTERPOL  or SOCA office

 Additional information regarding potential fraud involving "High Yield Investment Programs" can be found by following the links shown below.

Federal Reserve Bank of NY
US Securities and Exchange Commission
US Department of the Treasury
Federal Bureau of Investigation
International Chamber of Commerce
International Monetary Fund

 

 

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