Unexpected Money

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What would you do if you received an email informing you that your inheritance from your distant relative is waiting for you? Don’t get excited and simply fall into this trap, this could be a scam the so-called unexpected money scam. Scammers would think of a way to convince and persuade you and provides legitimate and valid reasons why the money is being given to you. But before you provide or send them everything they ask from you make sure that you confirm their authenticity first. Investigating, assessing and analyzing the offer will give you a peace of mind. Keep in mind there is no such thing as a get-rich-quick scheme.  Below are different types of unexpected money scheme:

Unexpected Money Facts and Details

Inheritance Scams

This type of unexpected money scam promises you of an inheritance from your distant or long lost relative living in another country. But in order to get it, you will be asked to part with or share your money or provide your credit card or bank account details. If you don’t know someone from the country they mentioned to you, you should not believe them and ignore them. If in case you happened to have a relative on the said country, you need to confirm everything the scammers told you before sending them the money. How this type of unexpected money works is simple and easy to comprehend.

  • An email will be forwarded to you informing you that a distant or long lost relative or rich benefactor inherited you a good amount of money. The scammers will contact you in the form of an email, letter, social networking message, phone call or text message.
  • The fraudsters will pose or act as a banker, lawyer or other foreign officials, and informs you that the deceased has no other beneficiaries or recipients only you.
  • The scammers will say or tell you that you are legally and lawfully entitled to claim the inheritance because the deceased wealthy person has no other relatives. They will convince you that through them you can get the inheritance since you share the same last name.
  • As part of the procedure of claiming or getting the supposed inheritance, they will ask you to send some money and provide them personal information to claim it. After receiving your money, they will be gone together with your dollars. They will search or look for someone whom they can fool again.

Nigerian Scams

Scammers will send you an offer that they will give you a huge amount of money provided that you will help them to transfer it outside of their country. Here’s how the process go:

  • The scammers will inform you about a fake huge amount of money that has been in the central bank’s possession. And since you heard about it in the news, you become interested in it. They will tell you that the money was collected during the civil wars or coups and because of government taxes or restrictions in their country you are having a hard time accessing it in their country.
  • The fraudsters will contact you in the form of text message, email, social networking message, or letter. They will inform or notify you a cut from the money provided you will help them in transferring it out of their country.
  • These scams are referred to as Nigerian 419 scams because the very first email of this sort came from Nigeria. The 419 is a section of Nigeria’s Criminal Code which forbids the practice. Now the scam is widespread all over the world.
  • You will be asked to send your bank account details to help them in transferring the money. Actually, there is no money to be transferred they are only after on your bank account information to empty your bank account.
  • If the first one does not work, instead they will ask you to pay certain fees, taxes or charges to help them release or transfer the money to your bank. At first, they will ask you to pay a small amount. Once you send them the payment, they will tell you or instruct you to pay other fees before you can get your reward or share. They will continue asking money from you if they feel you are still willing to send them.
  • In the end, they will never send or forward a single dollar and you will lose contact with them.

Reclaim Scams

This scam will try to convince you that you can get a rebate or reimbursement from a bank, trusted organization or the government. Below is the manner on how the scammers work:

  • The scammer or cyber criminals will email, call, text message, mail or in social media to inform you that you have overpaid your bank fees, taxes or some kind of compensation.
  • They will introduce themselves as someone from the government, bank or trusted companies, and will ask you to send an initial payment for administration fees or taxes, to get the excess payment you have made.
  • Once you send the money, you will never hear from the scammers again. These cyber criminals will look for another victim and collect money from them again.

Up-front Payments and Advanced Fee Frauds

This type of scam will require you to send up-front payment and advance payment so they can send you the reward like discounted holiday, prize, or pre-approved loan. Some of the common examples include the following:

  • Reclaim scams where you are entitled to some kind of rebate or reimbursement, but you are required to pay a fee in order to get the money.
  • Inheritance scams the scammer requires you to pay a fee to get hold of your inheritance.
  • Unexpected prize and lottery scams informing you that you won money from a competition but you need to pay the taxes and other fees so they can release it to you.
  • Travel prize scams they will offer you a free trip if you purchase travel vouchers before booking.
  • Native language scams the scammers will talk to your households that can speak other languages besides English and calls them using their native language pretending to be their relative or friend asking for help.
  • Rental scams ads cheap rental properties online, you will be asked to pay a fee so can you book it, but they will not be able to provide the service and you will not hear anything from them.
  • Promise of profits or goods from commodities like gemstones, oil and gold – the scammers will make a false or fake offer to you but you need to pay a fee or certain amount to get your share.

You will be asked by scammers to pay a fee or they will ask for your bank account information so you can get your share. Once you send them the payment you will not receive anything in return. If you check your bank account or credit card you will discover that they already stole your money. You can avoid these scams if you will learn more about the signs that the money being offered to you is a scam or fraud.

If you get victimized or want to know more about unexpected money scam you can report them to us through our website SubmitScams.com.

Have you been Scammed?

Scammers are getting better these days and they are increasing in number, if you are one of their victims or received a scam email you can report them to us at SubmitScams.com. You should inform your family, friends and colleagues to keep them safe. Read our blog SubmitScams and know the latest scams that people report to us and keep yourself protected against them.

If in case you have provided these scammers your passport, bank account details, or other personal information call your bank, financial institution or other agencies right away to inform them.

Unexpected Money

Please help us to warn people about internet frauds by reporting them: Submit Scam.

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