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Having your bank account raided by scammers can devastate your ability to pay your bills and everyday expenses. Luckily, for each common type of bank fraud, there are ways to keep your accounts ...
Scams often involve meeting someone on an online match-making service. The scammer initiates contact with their target who is out of the area and requests money for transportation fare. Scammers will typically ask for money to be sent via a money order or wire transfer due to the need to travel, or for medical or business costs.
Scammers and bad actors are always looking for ways to get personal info with malicious intent. Know how to recognize legitimate AOL websites, requests, and communications to keep your account secure.
GOBankingRates talked to banking experts to identify the early warning signs of account fraud so you can avoid falling victim.
Mail and wire fraud. Mail fraud and wire fraud are terms used in the United States to describe the use of a physical (e.g., the U.S. Postal Service) or electronic (e.g., a phone, a telegram, a fax, or the Internet) mail system to defraud another, and are U.S. federal crimes. Jurisdiction is claimed by the federal government if the illegal ...
You've no doubt had a run-in with them — Scammers bombarding your phone with texts and calls, often pretending to be someone they are not in an effort to steal your information and your money.
Honest services fraud is a crime defined in 18 U.S.C. § 1346 (the federal mail and wire fraud statute), added by the United States Congress in 1988, [1] which states "For the purposes of this chapter, the term scheme or artifice to defraud includes a scheme or artifice to deprive another of the intangible right of honest services." [2]
Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. [1] In many instances, bank fraud is a criminal offence. While the specific elements of particular banking ...