Word of the Week: Scam

Word of the Week: Scam
Other words for Scam: Swindle, Con, Fraud, Bunco, Diddle, FlimFlam, Gyp, Racket, Sting, Hustle

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Fake Check Scam - Fake Check in the Mail

1 Easy Tip to Avoid Receiving a Bad Check The era of the fake check scam is not past and gone, as it still claims victims. My own recent e...

Work at Home Scams to Avoid

There is a significant increase in criminal activity infiltrating the telecommuting world. It certainly makes it more difficult for those who are seeking legitimate offers for telecommuting positions, as they must use many resources to determine a legitimate offer from one involving criminal activity.

There are many ways criminals have capitalized on earning big cash from innocent people attempting to find good work, and here are several potential warning signs to look for:

1. Requesting money to send you additional information about the position
2. Charging funds for so-called training materials or a membership
3. Money laundering

There are certainly some forms of employment that may require funds for certification or education, but those are not the type of offers I'm referring to here. The third one on the list; money laundering, has become a very common threat.

Few people seem to understand the tell-tale signs and characteristics of money laundering, so they can become an easy target. They may even find themselves charged with felony charges simply by getting involved with a money laundering scam. Obviously if that is the case the person quickly finds themselves in need of sound legal advice. Money laundering is a serious federal crime and an offense that covers steep penalties, even for someone who became innocently involved. Once involved, you aren't so innocent any longer!

Below is an example of an actual money laundering scam. In this example you will notice that they are promising a percentage of processed funds - a very common characteristic of money laundering. The other red flag in the example below is that the percentage promised works out to be a very high dollar amount in exchange for only 3-5 hours per week. The recipient of this scam had received it in the form of an email stating they obtained her resume on a specific job search web site. Due to these type of offers being made in this manner you may want to think twice about posting your resume anywhere online. The offer read as follows:

We found your resume on (name of job search web site was named) And We would like to suggest you a position at our company - the Transfer Manager.

The task of the Transfer Manager is to process payments between our
clients and our company via bank accounts, checks, PayPal. The job is related to
remote Internet operations.

Every payment order will be accompanied with detailed instructions.
It's a commission based position. You will get about 8% of each processed

General requirements:

Ability to create good administrative reporting
Willingness to work from home, take responsibility set up and achieve goals
Prior customer service experience is a good benefit, but not a must
Honesty, responsibility and promptness in operations
Effective interaction with customers
Familiarity to working online, Internet and e-mail skills
3-5 hours per week

Salary: $600-$1200 per week

This job will allow you to:

Work efficiently from home
Increase available personal time
Achieve financial independence in half the normal time (1-3 hours per day)
Develop high self-respect and esteem
Become able to share time and money with others less fortunate than you

I hope the example above is helpful to you to identify some of the characteristics of money laundering. It is my hope that by sharing different examples such as this one that it will help an innocent person to steer clear of becoming involved in criminal activity. Be cautious with your choices as you find a legitimate work at home, telecommuting position!


BiKa said...

I would like personally to thank you for your articles about "Money Laundry". Recently I am retired and looking for home based jobs in internet. As a newbie I could have met such a situation. Thanks God I saw your statements.

Your comments are very precious for people like me.

My best regards

Tammara said...

Hi Bika,
Thank you for posting your comment to let me know the information was helpful to you! Good luck to you with your search for work.