What Are Dying With Great Wealth Scams?

Previous topic Next topic
User avatar
Roxy
Site-Admin
Site-Admin
Posts: 2146
Joined: 23 Jan 2020

What Are Dying With Great Wealth Scams?

Post by Roxy »

Dying with great wealth scams are scams involving people claiming to be dying from a terrible disease. Usually they will say they have only have 2-3 weeks left to live (sometimes less), but that they have access to a very large sum of money. The onus is that they would like you to help them either donate or invest the money or start a foundation on their behalf either before or after they die. In exchange for your services they offer you a flat fee or a percentage of the large sum of money. However, as discussions go on, you will discover that you need to pay them an upfront fee first for delivery, insurance, documentation or some sort of other fee before the funds will be delivered to you. Of course there are no real funds that will ever arrive because they are just scammers and the large sum of money they are talking about doesn't exist. So if you send them any money you will lose it forever.

During the course of the scam the scammer may provide a so-called online banking website (with login details) in an attempt to prove that the funds truly exist and are safely sitting in a bank account awaiting payout. In all cases these bank websites are always fraudulent/fake websites owned and controlled by the scammer and the money that they are showing within the bank account are fictitious funds in a non-existent bank account. The scammer may also ask you to contact 2-3 different people that the scammer claims are also involved with the transaction as a psychological technique designed to make the transaction seem more legitimate. In most cases though you are dealing with only one scammer who is acting behind all of the various different personas being presented.

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

Previous topic Next topic

Return to “Scam Types Info”