The global financial crisis may be causing most people to evaluate their finances and try as much as they can to hold on to their jobs. For Internet fraudsters, however, this is the perfect time to send scam emails and make a lot of money. A Microsoft executive stated that scammers are taking advantage of consumers who are experiencing financial difficulties by offering them new loans, mortgages, or money from failed banks. Because many people are desperate and vulnerable right now, scammers are making much money from these fraudulent schemes.
You might find yourself a target of these fraudsters. Don’t fall for any emails that ask you to pay a fee related to the collapse of a financial institution or bank. Scam emails will tell you that the fee is associated with refinancing and that because of the bailout you will receive a new and better deal on your mortgage just as long as you pay the fee. This is just one of the measures that spammers use to get money from unsuspecting individuals.
You should also be wary of scam emails that request you to pay a release fee for money that is going to be moved out of a developing country. These emails promise you a big share of the fortune if you send money to a certain account. It’s also possible for you to receive scam emails telling you that you have won the lottery in a foreign country and will receive your prize after paying an administration fee that you have to deposit at a bank account. What you need to do is ignore these emails and delete them immediately. It would also be good for you to spread the word about these scam emails so that more people will be aware of these schemes.