Lottery Scams
Following is an excerpt from the Lotto Buster Newsletter of 06-06-08. Very good advice.
LOTTO SCAMS...
HOW TO LOSE YOUR LIFE SAVINGS IN THREE EASY LESSONS.
I checked my email this morning and it looked like the standard assortment.
A couple dozen emails telling me how I can, get prescription meds without a
prescription, a few telling me how I can enhance my manhood, get bigger
boobs, have better sex, or refinance my house at 1% interest. Eddies wife
finally had the baby (a 7 lb. baby boy). And, what's this.. I have won 25
million dollars in the Ethiopian lottery!!!
Funny, I don't remember buying any tickets for a lottery in Ethiopia. In
fact I did not even know Ethiopia had a lottery. But it must be true because
here was an email from the Comptroller of Finances for the Ethiopian
National Lottery. All I had to do was reply with my name, address, and how I
wanted my winnings delivered.
This is just one of the ways a lotto con can start.
Lesson One - Email Cons:
The most common lottery con starts by your receiving an email that you have
won a large amount of money in a, usually foreign, lottery. You are normally
instructed that you should reply to the email with your name, address and
how you would like your winnings to be delivered. Most often, you are given
two choices; the money can be transferred directly into your bank account or
it can be delivered by courier.
If you reply that you want the money wired to your bank account, you will be
requested to send them your banks name, your account number, etc.
Congratulations, you have now supplied them with enough information to draft
all the money out of your account.
If you reply you want the money delivered by a courier, you will get an
email back informing you that you need to send the courier delivery service
a 'courier fee', usually between $300 and a $1000 dollars.
When you get an email telling you that you have won a lottery, ask yourself
a few simple questions.
1. How can I win a lottery I did not enter?
FACT: You cannot win a lottery that you do not enter. Lotteries do not pull
participants out of the phone book, off email list, or out of thin air.
2. Why is a rich lottery requesting me to reply to a HotMail.Com or a
Yahoo.Com email account?
FACT: Free email accounts are a favorite with con artist because it is next
to impossible to trace the identity of the owner.
Also be aware that, with $50.00 and a few hours work, a con artist can set
up an official looking web site for both the lottery and a courier company.
3. If I won all this money, why are they asking me for money? Can't they
just deduct it from my winnings?
FACT: Legitimate lotteries do not ask that you pay any money 'upfront'. All
fees and taxes assonated with a lottery win are deducted from the winnings.
4. How smart am I if I send total strangers money or financial information
about myself?
FACT: It takes surprising little information for a good con artist to clear
out your bank account or credit card.
Lesson 2 - Direct Mailings:
You open an interesting piece of postal mail from the Timbuktu Lottery
Commission. In it is a letter saying that you have won millions of dollars
in a lottery you never entered. What's more, the letter contains a bank
draft for $3,000.00.. now they have my attention.
A fast read of the letter will inform you that the $3,000.00 bank draft is
an advance on your winnings but in order to claim the entire jackpot you
have to pay taxes/fees of $2,300.00.
You are instructed to deposit the $3000.00 draft into your account and then
send the lottery commission $2300.00 to cover the taxes. Not a problem, you
are still $700.00 up. until the $3000.00 draft they sent you is bounced by
your bank (and deducted from your balance) because the draft is a forgery.
Again, you need to ask yourself a few questions.
1. How can I win a lottery I did not enter?
FACT: You cannot win a lottery that you do not enter. Lotteries do not pull
participants out of the phone book, off email list, or out of thin air.
2. Why do they not simply pulling the taxes/fees from my winnings instead of
sending money back and forth?
FACT: Legitimate lotteries do not ask that you pay any money 'upfront'. Any
fees or taxes assonated with lottery win are deducted from the jackpot.
3. Why must I send them money immediately, instead of waiting for their
draft to clear?
FACT: Legitimate lotteries allow you a minimum of 90 days to claim your
prize. Some Lotteries allow up to a year.
Lesson 3 - In Your Face Scams:
You have just finished shopping at the mall or grocery store when a stranger
(con artist #1), usually a Hispanic woman, approaches you. She/he has a
problem and could you please help? Being a Good Samaritan you are will to
help if you can.
The problem, con artist #1 explains, is that he/she has purchased a winning
lottery ticket but cannot cash it because he/she is an illegal alien and has
no papers.
A third person (con artist #2) approaches to see if he can be of aid. After
hearing the story con artist #2 suggest that if you cash the ticket, you and
con artist # 1 could split the winnings.
Con artist # 1 expresses fear that if he/she gives you the ticket, you might
keep it all.
Con artist # 2 says he knows an attorney that will draw up a contract but it
will cost money and could you (the victim) pay to have the contact drawn up.
The first stop is at the bank where you withdraw the money, anywhere from a
thousand dollars to what ever they can talk you into.
The next stop is to an office building where you are ask to wait in the car
while the con artist, and your money, disappear into the building to met the
attorney.
I can guarantee you that you will never see them again.
There are many variations of what is known as the "Latin Lotto Scam" but
they all have three common elements.
1. A person who has a winning lottery ticket
2. The inability of the person to cash the ticket for some reason.
3. You turning over your hard earned savings in the belief you are going to
share in the Jackpot.
Always remember three golden rules.
1. If it sounds too good to be true, it probably is.
2. Investigate before you invest.
3. There is a sucker born every minute, don't be one of them.