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Top 10 E-Mail Scams 1
Scam #1: Investment Pump & Dump
The Come-On
Everyone wants to be in on the ground floor when it comes to investing, so it's no surprise that millions of people go for this one: You receive an e-mail from someone claiming to be a power broker containing a hot tip on a penny stock that promises to double, even triple, in short time. So you go for it, only to see it tumble within hours. One such e-mail we received just this week looks like this:
Subject: Your 221.43% - breaking results
DarkLord: DWPI Hits The Street, Price Climbs 221.43%
Distributed Power Inc.
Symbol: DPWI Price: $0.40 (+0.31)
News hits the streets!!! DPWI acquires huge oil reserves, drills deeper on current wells increasing production, and now opens Asian division. Investors go nuts today and price rockets 221.43%. Act fast, read the news and get on DPWI first thing Tuesday!
The Scam
Turns out the people who send you the e-mail in the first place are waiting for a few people like you to get the stock up so they can get out before you even have a chance.
What You Can Do
Carol says: "Legitimate investments are risky, and legitimate brokers will admit that to customers. Be especially wary of offers that arrive via e-mail, offshore investments or commodities, and high-pressure sales tactics. And, if you can't afford to lose all your money, don't invest any of it."
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Comments
1
Subscribe to commentsMeg QuinetteJul 16th 2008 10:54AM
WARNING: Last week I my computer started acting crazy when I signed on line. A full page pop up warned me my system has been compromized. XP windows had discovered. It listed 3 pages of single linetype that were trojan horses, worms, viruses, etc. One even showed our bank accounts compromised. For $79.95 xp could fix the system immediately. Of course, now feeling stupid, I gave the3m the credit card info. I had run a copy of what viruses we had to show everyone later. My confirmation came back and I ran a copy of that. It was then I saw the YOU MAY have these viruses (didnt say that before) The confirmatrion was a little strange that the Windows logo did not appear and at the top it said XP Virus scan. I then called my banks fraud depart ment and had a stop payment. Going back, it had listed a Windows logo (but it was round)almost. It said XP Windows in large letters but over it in little letters it said scan for..........XP WINDOWS. The name of the company is XP anti virus protection. Next to it is a ROUND circle wth ithe Windows divided colors. I hope this keeps at least 1 more person from getting scammed.