Search results
Results from the WOW.Com Content Network
Black money scam. The black money scam, sometimes also known as the "black dollar scam" or "wash wash scam", is a scam where con artists attempt to fraudulently obtain money from a victim by convincing them that piles of banknote-sized paper are real currency that has been stained in a heist. The victim is persuaded to pay fees and purchase ...
Known for. Hawala. Criminal charge. Money Laundering. Criminal status. In Jail (Deceased) Hasan Ali Khan ( c. 1951 – 23 February 2023) was an Indian businessman. [1] In 2007, Indian authorities began investigating Khan on suspicion of money laundering. [2] [3] He had a Swiss bank account with $8 billion in deposits. [4]
The victim sometimes believes they can cheat the con artists out of their money, but anyone trying this has already fallen for the essential con by believing that the money is there to steal (see also Black money scam). The classic Spanish Prisoner trick also contains an element of the romance scam (see below).
3. ‘I’m a Nigerian prince.’. The “Nigerian prince” scam is one of the oldest since the internet was invented. A wealthy individual claims they can’t access their money for some reason ...
Indian black money. In India, black money is funds earned on the black market, on which income and other taxes have not been paid. Also, the unaccounted money that is concealed from the tax administrator is called black money. The black money is accumulated by the criminals, smugglers, and tax-evaders. Around ₹22,000 crores are supposed ...
Biggest Money Scams of All Time, Two confident business man shaking hands during a meeting in the, dealing, greeting and partner concept., success
Advance-fee scam. An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [1][2] If a victim makes the ...
The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing seniors to lose over $3.4 billion. And those ...