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.
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