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Fraudulent business, client or transaction: How to spot them all!



Ways that you could identify a fraudulent business or transaction. You don't want to miss it. You will not only read and learn from this, you should also share with your friends and families. Have you ever been scammed (duped) before? Be also ready to share your experience with the world. I'm sure it will save someone someday.

3 yrs ago by joywealth

You will not only read and learn from this, you should also share with your friends and families. I advise you to also share the following posts with your enemies. That is if you won't want bad things for your enemies :)

It's time to spoil business for some bad guys in the society. We will be exposing the "Characteristics of a fraudulent business, client or transaction".

Have you ever been scammed (duped) before? Be ready to also share your experience with the world. I'm sure it will save someone someday.

A fraud is defined as any ACT of DECEPTION carried out for the purpose of unfair, undeserved and/or unlawful GAIN.

Note the keywords: act, deception and gain.

Things to look out for in a fraudulent business, transaction or client:

  1. Advocacy for secrecy: whenever anyone asks you to keep a business proposition or transaction a secret, be sure to keep your guards up. Most of the schemes used in fraud have been used multiple times before. So if you can be smart enough to share the story, you will likely meet up with people that will tell you it's a fraud.
  2. Advocacy for urgency: it's always a good thing never to rush to make a decision or transaction. Whenever someone asks you to do some transactions in an urgent manner, double check to ensure everything is valid.
  3. Prompt for legitimacy: this is a ticklish characteristic of a fraudulent transaction. Sometimes a fraudster opts to make a transaction legitimate. He might say "Let's talk to a lawyer". He did that to make you feel safe. He will likely bring a "fake" lawyer. He might even say, "Let’s do an agreement" or "let's formalize this". Don't fall for it! Keep your guards up!
  4. Wealth brags: a fraudster will likely tell you about how rich he is. He will flaunt his "wealth" using any means necessary to make you feel safe to show him monetary favors. Real rich men don't make noise. Whenever you meet someone that's flaunting riches, you might be an inch away from being defrauded. So beware!
  5. Fake identity: only a few fraudsters are bold enough to use their own identities.  Look out for fake identities, fake names, fake workplace, and fake documents.

Action points: for living a life free of fraud.

  1. Identify someone you could trust amongst your family, friends, partners, colleagues that is also approachable. That is the person you would share everything that has to do with business and money with. With no exceptions, you will let this person into your financial life. They must be someone you could trust.
  2. Be very careful with fraudsters. Most fraudsters are also full-time criminals. They are usually armed. Sometimes even with terrestrial (voodoo or juju) powers that could be fatal. Don't play with them, or try to catch them yourself. Report them to the law enforcement agents and hands-off the case.
  3. Never try to outsmart a fraudster. Remember that "The lion is only a king in the jungle, not waters". You cannot win in someone else's game. Con men are the master of their own game. Don't be tempted to play with them. Report them to the law enforcement agents and hands-off the case.
  4. Don't trust yourself. Never say that you cannot be scammed. The truth is that anyone can be scammed. Be you a law enforcement agent, pastor, imam or even a witch. It's always better to trust in principles. And to embrace policies that would keep fraud at "arm's length".
  5. Embrace knowledge! Knowledge is the greatest tool that can be used against fraud. Whenever a fraud happens, whether it was successful or not. Whoever the victim is, make sure you share the story with your family and friends. In church, amongst your colleagues etc. Also, pay attention and ask questions whenever a fraud alert is being made.

You have been empowered with knowledge. You've been educated. You have been informed. Now it's your time to contribute. Share your experience with fraudulent transaction, business or clients. If you wouldn't mind, we may even help you share your story.

Do you have any questions, comments or contributions? I will like to hear from you. Please leave a comment below...