How to Deal With Money Scams

Money Scams - Complete Controller
  1. Money scams are, unfortunately, all too common

Beware of fake checks, lottery, and other schemes designed to steal your money. Unfortunately, these scams are all too common and can be challenging to spot. That’s why it’s essential to be aware of the most common scams and know how to protect yourself.

If you receive a check in the mail that you didn’t expect, don’t deposit it. It could be a fake. Walk away if you’re asked to pay taxes or fees to collect a lottery prize. It’s a scam. And if someone you don’t know asks you to wire them money, be very wary. It’s likely a scammer trying to steal your hard-earned cash. Cubicle to Cloud virtual business

By familiarizing yourself with these and other common scams, you can help keep your money safe.

  1. Understand what types of scams are out there

Being informed regarding the scams prevalent in the market is an essential step to combating these drastic activities! According to, there are some common types of scams.

  • Banking Scams
  • Telephone Scams
  • Census-Related Fraud
  • Government Grant Scams
  • Investment Scams
  • Lottery and Sweepstakes Scams
  • Charity Scams
  • Pyramid Schemes
  • Ponzi Schemes
  • Ticket Scams
  1. Be vigilant about who you give your information to

A common practice among fraudsters is to wear a mask of any employee associated with a reputable organization and collect your personal information such as social security, bank account, credit card numbers, etc. Remember that no organization that is functional and authentic will never call to ask for this sensitive information on the phone! Furthermore, they may use fake email, text messages, or links. We highly advise you not to open these links, or else the scammers can get access to your username, password, and even debit/credit card pin! Download A Free Financial Toolkit

How do you avoid them?

As soon as feasible, implement two-factor authentication; Keep in mind that no trustworthy organization would ever request your confidential info by email, text, or a call that isn’t coming from them.

Never transfer or make payments for someone else using your account.

Avoid scams that promise quick or simple money, especially if they come from an unexpected source.

You should not call caller ID numbers or numbers they gave you. Instead, get in touch with them through a reputable website. Or try finding their phone number. It’s still advised to avoid clicking on any links even if you receive an email or text message from a firm you do business with and you believe it to be authentic.

Scammers are those who demand money from you or demand that you divulge personal information. Defy the urge to act right now. Genuine companies will offer you some time to think things over. LastPass – Family or Org Password Vault

Learn the tricks that con artists use to get you to pay. Never send money to someone who demands you use a gift card or a fund transfer facility. Additionally, never deposit a cheque and then transfer money back to a recipient.

  1. Know how to spot a scam

Before clicking any links or opening any attachments, be vigilant for fakes. Scammers may quickly generate false papers using information readily available online, such as firm logos and website visuals. While some documents may seem exactly like the actual thing, others may include red flags like poor grammar or forced phrasing.

  1. Be careful with online transactions

Scammers often use online transactions to steal money from the victim. The most common scams involve fake websites that look like regular sites but secretly redirect you to where your personal information is collected. Other scams include emails, phone calls, and text messages that claim to be from a bank or other organization asking for personal data like your account number and password.

The best way to protect yourself is to use antivirus software on your computer and close an eye on any. CorpNet. Start A New Business Now About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Complete Controller. America’s Bookkeeping Experts