I am of the opinion that lotteries are not exactly the most appealing ways to spend money. It seems like the risk of losing money is much greater than earning it, which means that I'd probably be better off putting my funds into something entirely different. Whatever one's preferences may be, in regards to lotteries, it's important to understand the concept known as lottery fraud. It's an idea that you can learn a tremendous degree about, provided you contact an SEC whistleblower about it.
"What is lottery fraud, though?" For those who would ask this reasonable question, this case usually begins when an individual is told that they have won money in a lottery, whether the message is given through a phone call, letter, or what have you. A case like this should already be met with caution, which is a pointer that companies such as Whistleblower Against Fraud can tell you about. There are other pointers that an SEC whistleblower can tell you about, though, and here are 3 of the most important.
People who are approached by potential lottery scams should know that common sense is needed. For example, if someone tells you that you have won a certain amount of money and all you need to do is give your credit card number, you're probably going to hesitate. In fact, those who are more cautious may simply ignore the call altogether after that point. Whatever the case may be, caution is of the utmost importance when it comes to this sort of fraud.
Secondly, you may be asked to cash a lottery ticket for someone else. If this is the case, make it a point to deny this offer. It's likely that you may become the victim of a scam and someone who is part of the situation overall. To say that this will look bad, on you, would be nothing short of an understatement. If the lottery ticket in question is legitimate, believe me when I tell you that the winner is not going to have a problem cashing it in on his or her own.
If you truly want to avoid becoming the victim of a lottery scam, you should try to avoid any terms that may come across as disingenuous. One of the most frequently used is "guaranteed," which is a pretty empty word when you think about it. After all, why should an offer have this term when it should be able to offer what it claims to begin with? Warning signs like this are common in lottery scams and they are the ones to focus on as well.
"What is lottery fraud, though?" For those who would ask this reasonable question, this case usually begins when an individual is told that they have won money in a lottery, whether the message is given through a phone call, letter, or what have you. A case like this should already be met with caution, which is a pointer that companies such as Whistleblower Against Fraud can tell you about. There are other pointers that an SEC whistleblower can tell you about, though, and here are 3 of the most important.
People who are approached by potential lottery scams should know that common sense is needed. For example, if someone tells you that you have won a certain amount of money and all you need to do is give your credit card number, you're probably going to hesitate. In fact, those who are more cautious may simply ignore the call altogether after that point. Whatever the case may be, caution is of the utmost importance when it comes to this sort of fraud.
Secondly, you may be asked to cash a lottery ticket for someone else. If this is the case, make it a point to deny this offer. It's likely that you may become the victim of a scam and someone who is part of the situation overall. To say that this will look bad, on you, would be nothing short of an understatement. If the lottery ticket in question is legitimate, believe me when I tell you that the winner is not going to have a problem cashing it in on his or her own.
If you truly want to avoid becoming the victim of a lottery scam, you should try to avoid any terms that may come across as disingenuous. One of the most frequently used is "guaranteed," which is a pretty empty word when you think about it. After all, why should an offer have this term when it should be able to offer what it claims to begin with? Warning signs like this are common in lottery scams and they are the ones to focus on as well.
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Contact Whistleblowers Against Fraud in case you'd like to know what an SEC whistleblower can do for you.. Free reprint available from: Lottery Scams & 3 Avoidance Tips By A SEC Whistleblower.
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