"Advance Fee Fraud" Schemes
April 28, 2010
Advance fee fraud schemes ask investors to pay a fee up front – in advance of receiving any proceeds, money, stock or warrants – in order for the deal to go through. These schemes may involve the sale of products or services, the offering of investments, lottery winnings, found money, or many other so-called opportunities. Advance fee fraud solicitations may include official-sounding websites or e-mail addresses.