These ads look legitimate with detailed information, attractive photos and a great offer of a low price.
If you contact the seller, they may claim to be travelling or say that they’ve moved overseas recently.
A friend request on Facebook or a message on a dating site or app from someone you don’t know might be the start of a romance scam.
In reality there is no inheritance and the money you send goes straight to the scammers.Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant Terms and Conditions, Product Disclosure Statement and Financial Services Guide before acquiring any product.They then may say that an agent will give you the goods once they get your payment.You pay them and get sent a professional-looking email receipt, but your goods never arrive and the seller disappears, with you having no way to contact them.Scammers will then use these details to make purchases with your money.
You might see a professional-looking advertisment for a job as a ‘money transfer agent’.Someone claiming to be a lawyer gets in touch with you, letting you know that you’re the last living relative of a wealthy person who’s passed away.You're entitled to inherit their fortune, but in order to recieve it you need to pay some legal fees.“Some people mortgage their houses to pay these criminals,” Whitty says, “but often the devastation they feel is more about the loss of the relationship than the money — of realizing they’ve been duped.” And worryingly, such scams appear to be growing more common; last year, U.S.-based IT security developer SOPHOS ranked Malaysia as sixth globally in terms of cyber crime threat risks, as the total cyber crime bill topped 0 million.The ease of obtaining visas, opening bank accounts and arranging money transfers are all part of the nation’s criminal appeal.