Scam Alert! Know What A Money Scam Looks Like
Posted by: Grants Expert In General Grant Information
You may have your own business set up which you want to expand, or you may want to start a new business venture. You may even want to return to school after a break to improve your qualifications. For all these purposes, government grants are available to help supplement your income or resources. Most of the information on these grants are available on the government websites.
Unfortunately, the majority of so-called “government sites” online are fraudulent and basically an online scam.
Luckily, with a little awareness one can avoid getting deceived by this online fraud. To begin with, you should know the types of scams that are running out there and which you may easily fall prey to.
The most commonly found scam is the telephonic scam.
You may be familiar with this kind of scam where you get a call from an official sounding organization (like the Federal Office for Grants) telling you that you’ve won some huge amount of federal grant money (which you never even applied for).
The amount of money you will have won will always be large, like $50,000. The caller will also tell you in a very confiding and official tone of voice that since the amount of money is very high, for security reasons they can’t send you a check. They will then ask you to give them your bank account number so that the money can be directly deposited. There are many people who will fall for this and give their bank account numbers, only to find that instead of a deposit, cash has been withdrawn by the crooks. Sometimes the scamsters even extract a processing fee from you!
Another type of scam out there is the one that is propagated online on innumerable websites. These websites offer you large amounts of money in return for sensitive bank details. Don’t fall for this.
In the end it always helps to remember that if any offer sounds too good to be true, it’s probably not.
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