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.

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?

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  • 10 Recession Era 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. See more »

  • 5 Successful Counterfeiters

    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. See more »

  • Does a smartphone raise your risk of identity theft?

    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? See more »

  • How Con Artists Work

    How Con Artists Work

    Have you ever gotten a chain e-mail that promised riches if you just sent $5 to everybody on the list? The person who began that e-mail is a con artist -- someone who lies, cheats and fool people into thinking they've happened onto a great deal. Learn about basic cons, how to avoid being conned and what to do if you're a victim. See more »

  • How Cooking the Books Works

    How Cooking the Books Works

    Smell that? It's the waft of smoldering company documents: a product of 'cooking the books.' Turns out, this isn't a filling meal, though. Find out why companies inflate their profits and what can happen as a result. See more »

  • How Counterfeiting Works

    How Counterfeiting Works

    A Philadelphia man managed to put more than $800,000 worth of counterfeit $50 and $100 bills into circulation between 1998 and 2002. How can you spot a fake? See more »

  • How Identity Theft Works

    How Identity Theft Works

    The idea that someone can "steal" your identity is very unsettling. Find out how identity theft works and how you can prevent it from happening to you. See more »

  • How Long-Distance Scams Work

    How Long-Distance Scams Work

    How many companies have tried to sell you "better" long-distance rates on your home phone? Do the offers sound too good to be true? Find out how to tell the scams from the real deals. See more »

  • How Money Laundering Works

    How Money Laundering Works

    Money laundering is a crime that disguises where money came from -- usually because its source was illegal. How can money start out dirty and wind up clean? See more »

  • How Pickpockets Work

    How Pickpockets Work

    Practiced pickpockets are nimble and intelligent -- and they look just like everyone else. You'll be amazed at how easily they can rob you without you even noticing. See more »

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