Downside of Digital Communication
By: Annette Falcon
Fraud
Definition of fraud: wrongful or criminal deception intended to result in financial or personal gain.
What "it" looks like:
- Sweethearts: someone special that you met online says he'll come to visit you. Then, asks you to send them money for travel costs.
- Phony lender: lender that collects your mortage payment has sold or transferred your service to another lender. Then you realize that it's fake.
How can a person avoid becoming a victim:
- Don't trust someone online that says to send them money unless you personally know them.
- Remember that under the fedral law a lender must at least notfiy 15 days before any transfers.