What is advance fee fraud?

Fraudsters also may try to fool investors with official-sounding websites and e-mail addresses. Advance fee frauds may involve the sale of products or services, the offering of investments, lottery winnings, found money, or many other so-called opportunities. Fraudsters carrying out advance fee schemes may:

What are the different types of advance fee scams?

These scams often involve the use of deception, manipulation, and false guarantees to convince the victim to part with their money. There are numerous types of advance fee fraud schemes, including lottery and sweepstakes scams, inheritance scams, loan scams, employment scams, romance scams, and business opportunity scams.

How to avoid advance fee fraud?

To avoid falling victim to advance fee fraud, one should be skeptical of unsolicited offers of money or business opportunities, carefully review all correspondence and agreements, research the legitimacy of the company or organization, and never send money or personal information to anyone without verifying their identity.