Lottery And Bitcoin Scam

This type of rip-off, in which the sender requests assistance in facilitating the switch of a huge amount of cash, typically takes the shape of an electronic mail. In return, the sender pays a commission, typically of the variety of several million dollars. The scammers then request that the cash be dispatched to pay for a number of charges related to the switch. If the cash is dispatched to the scammers, they will either straight-up disappear or try and obtain additional money with claims of persistent troubles with the switch. Victims in such topics typically allege that they have received emails from unknown assuring them that:

• either they have won a lottery that is actually worth hundreds of thousands of dollars; or

• their assistance is needed to move illegal cash out of some foreign country; or

• items are presented at throw-away prices; OR

• In some cases, the victim is confronted with a fake e-book in his emailing list and emails sent to all contacts from the ID requesting cash to get out of a dangerous situation; Victims are trapped in a phased manner and are usually made to deposit a huge amount of cash either as cash switch fee, price of taxes or transportation costs. Victims reputedly get a junk mail electronic mail and respond to the same and emerge as to pay cash to some unknown people for a similar purpose. Such crimes are usually completed from foreign locations. The money is deposited either in offshore money or in some provider account in India.

Preventive Measures/Precautions

1. Have you received an SMS or electronic mail announcing that you have won a prize in a lottery? It is a rip-off. Now do not reply.

2. Never ever reply to a fake lottery prevalent call/SMS/Email.

3. Have you ever received an SMS or email about cash in your account? It is a rip-off. Do not reply anymore.

4. Have the right junk mail filters for your email account.

5. Follow the rule of thumb: Never switch budgets to unknown people or entities, in anticipation of excessive returns. It is by no means going to happen.

Bitcoin Scam

The prison framework related to crypto-currencies is however to be laid down. RBI has now not given any license/authorization to any entity/corporation to address any digital currency. In the absence of a prison framework, it is not really useful for residents to address digital currencies which include Bitcoin, these currencies are usually used by criminals operating on the dark net or hidden net. Legal, bonafide groups no longer commonly use Bitcoin. So any request for enterprise transactions in Bitcoin should raise suspicion and be avoided.

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