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When they are telling you to invest R10 000 this is what you are against!

TUMISOMAHLAELA
By TUMISOMAHLAELA | self meida writer
Published 12 days ago - 0 views

Telephone scammers try to steal your money or personal information. Scams may come through phone calls from real people, robocalls, or text messages. Callers often make false promises, such as opportunities to buy products, invest your money, or receive free product trials. one who perpetrates a scam : a person who commits or participates in a fraudulent scheme or operation insurance/credit card scammers The company will not call you to ask for your Social Security or account number, but nefarious scammers might.

Identity thieves are always on the lookout for personally identifiable information, or PII, that they can use to start piecing together a person's financial world. This can include details like Social Security number, birthdate, or name and address. Fraud convictions bring with them the possibility of a jail or prison sentence. Though sentences differ widely, a misdemeanor conviction can lead to up to a year in a local jail, while a felony conviction can lead to multiple years in prison. Federal charges can lead to 10 years or more in federal prison.

This scam, also known as port-out or SIM splitting fraud, allows criminals to hijack your cellphone number. Fraudsters can do all this because many companies — including banks, brokerages, email providers and social media platforms — verify your identity by texting a code to your cellphone.

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Sources:

www.marketwatch.com › story ›

www.criminaldefenselawyer.com ›

www.lifelock.com › learn-identity

www.merriam-webster.com › scam

www.usa.gov › common-scams-fraud

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