Money Wiring Scams | Protect Wire Transfer Fraud

Mon, 20 Sep 2021 04:45:18 +0000

⁣Despite all of the recent safety measures and publicity, money wiring scams rob many victims of hundreds of thousands, perhaps even millions, per year. But despite the money wiring scam's notoriety, their success solely hinges on one single factor: the willingness of the victims to entrust money, usually unclaimed, to somebody they do not know. This makes wiring money scams quite easy to execute, and even easier to conceal. In order to avoid detection, money wiring typically involves the following practices: the transfer of large sums of money from one bank or financial institution to another, typically through the mail. This way, any evidence of money wiring can be easily wiped out.