Deception Fraud


Deception Fraud

What Is Deception Fraud?

Deception fraud refers to criminal offenses where scammers misrepresent information (i.e., false identity, counterfeited goods, and forged documents) to harm an individual or organization. Generally, con artists trick people into signing up for bogus services, ordering from a fake site, lottery scams, or collecting funds for a non-existing charity organization.

They might even pose as legitimate vendors or customers to divert payments to their accounts.Scammers can use phishing, impersonation, pre-texting, and phone phishing to contact organizations while committing deception fraud.

Purpose & Intent

The intent and impact of deception can vary from situation to situation. Some scammers trick others for personal gains and other scammers target individuals or organizations to cause actual damage.

There are three broad categories of deception fraud.

They are as follows:

  • Fraud via misrepresentation of services or identity
  • Hiding essential information about a product or service to trick consumers into purchasing faulty items, participating in fake sweepstakes, paying advanced fees, etc.
  • Misuse of power and authority

You can avoid deception fraud by verifying details and double-checking the authority of organizations/individuals that contact you. Be wary of promotional schemes, sweepstakes, subscriptions, and other services that sound too good to be true. More importantly, never share security details and personal information online. Additionally, ensure that the opposite party is credible before you continue correspondence

File a complaint to put an end to deception fraud.

Contact FraudTrac to learn more.