Buzz Out Loud Lounge forum: Beware, it could be a scam - Springhill Group International

by: macyelyse February 24, 2013 7:58 PM PST

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Beware, it could be a scam - Springhill Group International

by macyelyse - 2/24/13 7:58 PM

Scams can take various forms. However, these usually have a common target, that of conning their victims out of their money or obtaining personal details, like bank account details, PIN numbers or internet banking log-in details.Sometimes, while browsing the internet, pop-up windows may appear on our computer screens that elicit us to click and claim a prize. In reality, once we click, we are then asked to call a specific telephone number to claim the prize.What we usually are not aware of is that these calls are very expensive and if we fall victim to such scams, we will end up spending money on a telephone call on the promised prize which does not exist.To avoid falling victim to such scams, the best way is to never try and claim such prizes. The best answer is a no. You should also ask yourself: if I did not buy a ticket, how can I win? Free prizes are meant to be free, so why am I being asked for money or to make an expensive call?Pyramid schemes are another common form of scam. Usually, these schemes entice the recruitment of people who all put money into the scheme. However, for everyone to benefit, there would have to be an endless supply of people; and there never is.When these schemes eventually collapse, most participants in the scheme lose their money. Furthermore, such schemes are considered illicit. Therefore, promoting or participating in these kind of schemes is illegal under the Consumer Affairs Act.

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