What Are Money Transfer Company Scams?

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Money transfer company scams involve the guise that you have a large sum of money owed to you, which may be stated as being for a myriad of different false/fake reasons, but which the scammer claims has been or needs to be transferred to you using a money transfer company like Western Union, Money Gram, Ria Money, WorldRemit, PayPal, Wise, etc.

The scammer will eventually ask you to send some money before any of the money being promised can be sent out to you. This is a type of scam known as Advance-Fee Fraud. Advance-Fee Fraud is best described as an offer of money, merchandise, services, employment, or even romance, but where the victim is asked to pay a fee in advance to obtain whatever is being promised to them by the scammer. The main scam strategy of all advance-fee fraud scams is to try to persuade the victim to send money, and then continue to send more money to the scammer, as many times as possible, until the victim eventually runs out of money and/or goes into debt as a result of losses from the scam. And in the end, the victim never receives any of the money at all being promised by the scammer.

Please click here to read more about the psychological techniques used to deceive people with Advance-Fee Fraud scams. The following article on Wikipedia also explains more about Advance-Fee Scams in general: Wikipedia Link