Inheritance scams exploit trust by claiming you've received a large inheritance from an unknown relative. Always approach such claims with caution and avoid sharing personal or financial information.
Unraveling the Web of Inheritance Scams
Business houses may lose their business and outside contacts when they do not have internet, emails and social websites.
In this competitive environment business can grow wonderfully only when they socialize with the target group through
social marketing online platforms. In the last few years hundreds of companies were able to sell millions of products
to the worldwide customers only through their official websites. Thanks to the internet and emailing technology which
has come as a savior for the corporate world and other commoners. Though many people use the internet and mails wisely
there are scammers those who are silently swindling the money from the innocent victims after getting their credit card
details and other financial details through reply mails. Scams related to inheritance are in the rise and more particularly
mail related scams. The authorities
Inheritance Scams Exposed: Recognizing Red Flags and Staying Safe
concerned should take immediate actions to nab the culprits and book them under various criminal sections. In the past,
regular mail users were receiving mails related to inheritance and escalated these scams to authorities concerned.
Scammers will disguise themselves as lawyers or attorneys and send a mail stating that a rich person who owns million
dollar estate has died recently without writing will and the government has decided to disburse the money to the public
immediately. They will further state that "anyone who is willing to receive the amount should provide their account
details such as account number, pin and password for transferring the fund to their respective accounts". Innocent victim
will share these particulars to the scammers and will lose their money quickly. Scams related to inherited checks are
somewhat closely related to these types of scams. Scammer will pose himself as a bank executive and send a mail stating
that the bank is planning to clear an unclaimed check for an amount of several million dollars and disburse it to the
common people through lucky draw system and those who wish to receive the amount should provide their account number,
banking password and pin. People those are receiving these mails will believe this message and reciprocate with their
details. After receiving the mails the scammers will siphon off the money from the people's account. Scams related to
inheritance letter are also making the rounds everywhere.
The Rise of Inheritance Frauds: Safeguarding Your Finances
Scammers will pose themselves as bank officials and write an imaginary letter which will look extremely formal and error
free and send it to several mail ids. Contents of the letter will be like this "A rich person who has deposited multi-million
dollars in the bank has died suddenly without writing a will and the court has decided to disburse the money to the people
who are in distress and poverty and the common man who is in deep financial trouble should provide their banking details
for transferring the amount". Recipients of the mail will think it is a formal letter and reply to the mails providing
their banking details. Criminals who are sitting on the other side will siphon off the money quickly. Scammers will create
a copy of the bogus inheritance format which will look like original bank deposit certificates and dispatch it to several
people through mail. Many people who read the format will feel it is an original one and will provide their banking details.
So public should never reply to these strangers and should also never provide their personal and financial details to them.