Your current location is:{Current column} >>Text
How to Spot an Inheritance Scam
{Current column}87271People have watched
IntroductionHave you ever dreamed of inheriting a lot of money from a rich relative? Well, you would be the perf ...
Have you ever dreamed of inheriting a lot of money from a rich relative?Global 50 foreign exchange rankings Well, you would be the perfect mark for an Inheritance scam.
The two types of inheritance scams show that some people who get scammed may be complicit in it. All the scammer does is manipulate you depending on how greedy you are! Inheritance scams are very similar. They may take these two scenarios:
The Charity Angle
The scammer poses as the lawyer of the deceased who knows about an inheritance. This inheritance belonged to a rich but distant relative. One of whom you have never heard. They claim he made a will to hand over his wealth to a relative like you. Usually, the letter from the lawyer will have the usual legal jargon and a fancy logo to give it some legit feel. Don't fall for that. Conmen know how to create real-looking documents. Here is how to spot fake documents.
The inheritance will normally have one other condition: giving a large portion to charity then you get to keep the rest for yourself.
You may be introduced to yet another banker or tax agent as part of the scam. A move that is intended to boost your confidence. Another such move is for you to provide your identification documents for “verification”.
They then express satisfaction with you as the right candidate. Then you are asked to facilitate processing fees. The entire communication and documents showed were building to this moment. Because this is the real scam. You will lose your money and there is no recourse.
Partner in Crime
In this second case, communications will begin with a well-written email. “A wealthy millionaire philanthropist died and his inheritance remains unclaimed because he had no children.”
They contacted you because you have the same last nameas the deceased. They can help you claim his monies. The scammer, posing as an agent, knows a clever trickto ensure it works. He has supporting documents having worked for the wealthy man. They will share with you legitimate-looking documents like the one below to support his case.


All they need is for you to come on board.
Right from the start, you know that you are planning to scam the bankwith this person. You plan to present yourself as the rightful heir to claim this wealth. What you don’t know is that the real scam is on you. At the very end when you have met and planned and agreed, you will need to pay a fee to process the “legal and financial aspects”of service.
This is the real scam, an Advance Fee! Once you pay, your partner in crime will disappear without a trace! And it’s only then that you find out that there was no inheritance in the first place!
Bolder scammers will continue coming up with numerous small fees that need to be paid before the money can be released by the bank. You become their host as they suck you dry like parasites. Others still threaten you with reporting to the authorities for participating in a fraudulent deal.As you can see, all these options are bad for you.
Best not get involved from the start!
How to Protect Yourself from Inheritance Scams
- KNOW THAT NOTHING COMES FOR FREE;especially not a fat bank account! Scammers know that people are willing to do anything for easy money. And that is how they get you.
- DO NOT respond to emailsclaiming that you have a large inheritance waiting for you. Mark such emails as spam.
Tags:
Related articles
Hong Kong stocks enter bear market as China outlook darkens By
{Current column}-- Hong Kong’s Hang Seng index entered bear market territory on Wednesday, with China-exposed ...
Read moreWeekly U.S. Jobless Claims Fall to 193,000
{Current column}© Reuters. By Scott Kanowsky -- The number of Americans filing for unemployment insurance unexp ...
Read moreBiden administration changes student loan guidance, hours after lawsuit By Reuters
{Current column}© Reuters. FILE PHOTO: A graduating student waits for the start of the Commencement ceremony at the ...
Read more
Popular Articles
- Dollar edges lower; safe haven loses appeal as banking turmoil eases By
- Bond Selloff, Nike Earnings, Porsche IPO
- Private Payroll Growth Stayed Strong in September
- S&P 500 Tumbles Deeper Into Bear Market as Apple Leads Tech Rout By
- Top Stocks That Usually Defy Gravity During Economic Slowdowns
- Japan's business mood worsens as costs cloud outlook By Reuters
Latest articles
-
Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand By Reuters
-
Canada girds for long haul after historic storm Fiona ravages east coast By Reuters
-
Macau casino shares soar after China allows tour groups after more than 2.5 years By Reuters
-
Markets cheer Bolsonaro's strong showing in Brazil vote By Reuters
-
Wells Fargo reaches $1 billion shareholder settlement over recovery from scandals By Reuters
-
Twitter Edges Lower Premarket; Bionano Genomics Surges By