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Scams

The Scam Channel describes the wide variety of tricks people use to steal money. Learn how to spot a fake and how to protect yourself from fraud.


Crowdfunding or Crimefunding? Fraudsters Kickstart Money Laundering Campaigns

Setting up a funding site for a nonexistent sick boy is child's play for these criminals. The real money is in laundering stolen credit cards.

10 Things You Should Never Buy Online

Online shopping offers plenty of amazing-looking deals. But you know how it goes: If something seems too good to be true ...

10 Online Scams That Target Small Businesses

Life's hard enough for a small business, and dishonest people looking to scam hard workers out of their profits only make things worse. Learn what the red flags are.

How Wine Fraud Works

Whether by tampering with the bottle or the liquid inside, wine fraudsters have fooled billionaires and wine connoisseurs alike into thinking an unremarkable bottle of merlot is really an exceptional vintage. Here's how they do it – and why.

Does a smartphone raise your risk of identity theft?

If smartphones were called computerized wallets, maybe people would be more careful with these devices that give thieves access to your bank accounts, credit cards and whereabouts with just one swoop. How do you protect yourself from identity theft?

Is there an easy way to spot money-making scams?

Who among us hasn't seen an Internet ad advertising a book or scheme to make lots of easy money? Some schemes are easier to see than others. Here are some ways to spot the scams.

10 Recession Era Scams

During a recession, people are trying to find jobs and hold on to their homes. It's the perfect time for scammers to exploit the fears and concerns of those affected by the poor economic climate.

How does ATM skimming work?

In 2008, more than $1 billion was stolen via ATM skimming. So exactly how does it work and how can you protect yourself?

5 Successful Counterfeiters

It doesn't take much skill to steal, but printing and using fake currency requires some finesse. Counterfeiting has become something of a lost art over the years, and you're about to meet five of its best practitioners.

How Ponzi Schemes Work

Ponzi schemes may not seem so bad. You invest some money, and when more people join, you get your investment back -- plus returns. The problem? For one, these schemes are illegal. And you only win if you're not in the bottom rung.