Scams How to spot them in Your Industry!

Protecting the consumers from the robbers!

Top Tips to Protect Yourself Against Frauds and Scams, Identity Theft and Reduce Spam Email

This article was first published on: http://www.consumerfraudreporting.org/defend_yourself.php

What can you do to defend yourself from scams, frauds and identity theft? Whether you think you have been the victim of a fraud or scam or want to be proactive in protecting yourself, here is a list of specific and simple actions that you can take, some just once, to protect yourself and your family!  We have ranked them in order that you should take them:

  1. Don’t use or carry a checkbook. Pay by cash or credit card. Paying your bills through your bank or credit union’s online bill paying service (which is usually free) is much safer than mailing a check.
  2. Buy and use a paper shredder. Shred any documents that have your social security number or other financial information, such as your bank account numbers, credit card numbers etc.  identity thieves actually go through homeowner’s trash to obtain personal information. If you don’t have a shredder, burn these  documents completely in the fireplace.
  3. Freeze your credit! It prevents scammers from opening unauthorized accounts in your name. Even if your state is one of the few that doesn’t allow a freeze, thanks to pressure from consumer advocacy groups, you can still freeze your files at the three major credit bureaus.  See this page for more information about both freezes.
  4. Sign up on the Do-Not-Call List
  5. Sign up to block credit card offers from arriving in your mailbox.
  6. Don’t carry your Social Security card with you. When you renew your driver’s license, make sure the DMV does not use your Social Security number as your driver’s license number.
  7. Use a separate email address when you post messages to any public forum, such as newsgroups and mailing lists. Free email accounts from Yahoo and Hotmail are perfect for this. Never use your personal email address for this purpose: you will be flooded with spam. You can periodically check this email account to see what’s spam and what isn’t. A bonus is that Yahoo’s spam blocker is better than those from most ISP’s! And your main personal email address won’t be as clogged with spam. Some ISP’s, like AOL and BellSouth.net give you multiple email accounts free with your paid service.
  8. Don’t give out any financial information, such as checking account and credit card numbers; and especially your social Security number; on the phone or online, unless you initiate the call and know the person or organization you’re dealing with. Don’t give that information to any stranger. In general, it is only required for medical providers, banks, mortgages and credit card companies.
  9. Don’t fill out the “win a vacation” and other promotions you see in stores and shopping malls.  That will just get you on a junk mailing list and guarantee calls from persistent, high-pressure salesmen.
  10. Don’t pre-print your driver’s license, telephone or Social Security numbers on your checks. And in states that want to use your social security number as your driver’s license number, insist on another method – most allow it.
  11. Report lost or stolen checks immediately. The bank can block payment on the check numbers that are missing. Also, review new checks you receive, to make sure none has been stolen in transit.
  12. Store new and cancelled checks, credit card statements, medical bills, anything with confidential information, in a safe place and shred them when you are done with them.
  13. Guard your Personal Identification Numbers (PINs) for your ATM and credit cards, and don’t write on or keep your PINs with your cards. You should also guard your ATM and credit card receipts. Thieves can use them to access your accounts.
  14. Be creative in selecting Personal Identification Numbers for your ATM and credit cards, and passwords that enable you to access other accounts. Don’t use birth dates, part of your Social Security Number or driver’s license number, address, or children’s or spouse’s names. Remember: If someone has stolen your identity, he or she probably has some or all of this information.
  15. Use a good anti-virus software, anti-adware software and a hardware firewall on your computer, and keep them up to date. You need all three. Almost all modern Routers (Dlink, LinkSys, NetGear, Buffalo, Airlink, etc.) have a hardware firewall built in. See the left side of this page for the current recommendation for ant-virus / anti-malware programs.
  16. Don’t put outgoing mail in or on your mailbox. Drop it into a secure, official Postal Service collection box. Thieves may use your mail to steal your identity.
  17. If regular bills fail to reach you, call the company to find out why. Someone may have filed a false change-of-address notice to divert your information to his or her address.
  18. If your bills include suspicious charges, don’t ignore them. Instead, investigate immediately to head off any possible fraud before it occurs.
  19. Check your credit report regularly. Federal law allows you to obtain one from credit report from each of the 3 major credit reporting agencies per year. See this page for more information.
  20. There are services online, some free, such as SneakMail that provide you with disposable addresses that can be deleted if they begin to receive spam messages. The disposable email addresses forwards email to a real email address of yours, but the sender can not see this. If you create a unique address for each email newsletter or forum you subscribe to you can  discard the address is it gets too much spam and just start using another email address.
  21. NEVER buy anything from a company that sends you spam. Don’t even visit their sites or ask for more information. It is like feeding a stray cat.  Give it one morsel of food, and it will be there all the time (and that may be fine with cats, but NO one wants spammers at the doorstep!).  Remember, since they send out millions of spam emails, they only need a tiny fraction of responses to be profitable.
    And if that doesn’t convince you, consider this: the vast majority of spam “offers” are in fact scams!
  22. Set up filters in your email program. Outlook does this quite easily. When you open an email and realize that it is spam, just click on Actions then Create Rule, then select an appropriate action, such as “from” then click “Move e-mail to folder” and select the “Deleted Items” folder. That’s it!  You’ll never receive email from that particular address or subject again!  More anti-spam filtering tips and information.
  23. If you have a website, do not post your address in the HTML “mail-to” format, otherwise you will be spammed, since address-harvesting spiders (programs) extract your email address from the website and add it to the spammer’s lists.  Instead use feedback forms through PHP, ASP, or JSP that hide the email address, OR post the email address as a GIF (image file).
  24. Check out this list of tips on evaluating email, letters and phone calls you receive for potential scams.
  25. Finally, if it seems to good to be true… IT IS! No one is going to send you a pile of money from a dead Nigerian president, no lottery is going to make you a winner from a “randomly selected from a database of email addresses”.  Multi-level marketing IS A SCAM, ALL psychics are nothing more than conmen, and you can not  make big money from “passive residual income in a few hours of your spare time each day”. And there is no Easter Bunny.

Resources lists and guides – lists of domain extensions for other countries, telephone country codes, area codes, etc.

The bottom line is, if you want to live like a Prince or Princess in a fairy tale, then use common sense, work hard and work smart to achieve your goals.

Advertisements

March 17, 2010 Posted by | Business, Consume, Consumer Scams, Courses, fraud, government resources, Real Estate, Report a Scam, Research sites, Seminars, Share Trading, State Resources, Superannuation, Training | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

7 Tips For Spotting An Investment Scam

Author: P. Christopher Music

Do you know the tale-tell characteristics that indicate “investment scam?”

Over the course of the last two decades in the financial industry, I have had good fortune, and yes, bad fortune in learning about the realities of investments.   When I speak with investors, it’s not uncommon for some people to insist on certain delusions they have accumulated regarding the subject.  This article is an effort to give you some the characteristics of any investment proposal that deserves your careful scrutiny and distrust.

Most investment scams have certain characteristics in common:

  1. 1. Secrecy – Any investment program that is worth anything can stand up to the scrutiny of financial advisors, accountants, attorneys and anybody else with some investment acumen.  Many scams create this confidentiality to give the investor the feeling that they are “on the inside,” privy to investments only available to wealthy families or a select group of fortunate people.  The confidentiality requirement is designed to prevent you from communicating with others about your involvement so you will keep believing what the scammers are telling you.
  1. 2. High Returns—What rates of return should a person receive for investing money?  Well, if it sounds too good to be true, it probably is.  While 20% returns may be possible for very speculative investments under certain circumstances, anything beyond that is simply not real over time.  If any return on investment is greater than what would normally be earned on that type of asset, it is a good indicator that something isn’t right.  Consult a knowledgeable financial advisor of your  investment plans if you have any doubt.
  1. 3. No Track Record — Any investment program should have returns that can be verified by a reputable third party, such as an accounting or law firm.  Further, the principals of the program should have fully verified backgrounds with a proven record of successful past investment programs.  Moreover, any start-up would have a logical product and a complete business plan replete with reasonable financials and marketing plan.  If there is no track record, forget it.
  1. 4. Lack of Full Documentation—Any legitimate investment has full documentation, including a prospectus (a document that explains the details of an investment) or offering memorandum (which is for private placement programs, investment programs that are made available to qualified investors and not to the general investor public).  Complete contracts would also be provided carefully covering all of the details of the proposed investment.  Insist on full disclosure.
  1. 5. Guarantees—To my knowledge, the only investments that provide guarantees are insurance policies.  If someone is offering you guaranteed returns or a personal guarantee, it’s not worth anything.  If you lose your money in the investment, the personal guarantee is only as good as the assets of the person issuing the guarantee (if they had the money for the guarantee, why would they need yours?)
  1. 6. No Registration with Regulating Authorities—In order to offer an investment to the public, in most cases, the principal creating such an investment will have to register it with the State.  Further, the person selling the investment will have to be registered with the State as a securities salesperson or investment advisor.  Lack of such registration is a red flag.
  1. 7. Offshore Tax Benefits — For American citizens, there are no offshore tax havens.  In other words, US citizens are taxed on worldwide income, regardless of the source.  Anyone stating that you can save or avoid income taxes by moving offshore is just dead wrong.  There is no surer way of creating a problem than attempting to evade taxes.  While there are asset protection reasons to use offshore entities, there are no legitimate income tax saving strategies offered offshore that cannot be done domestically.

I know I said 7 tips, but I thought of one more…

  1. 8. International Lure—Investing internationally has a certain allure to it.  It’s exotic and different.  The only problem is that you transfer your assets overseas and the chance of getting them back may be zilch.  The complexities of international financial regulations and laws make it a great justification for someone to not be able to deliver on intended investment results.  Just keep your money closer to home.

Greed and Desperation

People invest in these programs due to desperation for money or the desire of getting something for nothing.  The way to wealth is through investing wisely in your own ability and production and being intelligent enough to not spend everything you make.  Falling victim to any investment scam can be a significant setback to your quality of life.  Just don’t play that game.  Learn the natural laws of money and apply them and you will be where you want to be in due course.

Article Source: http://www.articlesbase.com/banking-articles/7-tips-for-spotting-an-investment-scam-1943536.html

About the Author

After 15-plus years of being a financial planner, Christopher Music decided there had to be a better way. Witnessing financial debacles of big industry and government-driven economies caused Christopher to take action, developing an instrument that measures the success of any financial plan. The Financial Security AnalysisTM (FSA) is the back bone of Music’s firm, Wealth Advisory Associates (WAA). WAA is a financial planning firm focused on helping private-practice physical therapists understand and implement the most effective strategies to achieving financial success and security. Visit http://www.wealthadvisoryassociates.com

About Roy McDonald

For the past 43 years, Roy McDonald has been searching out, creating, and pioneering some of the best strategies for creating wealth and success in people’s lives. He is the founder of OneLife International.

As an educator, author, business coach, and strategic planner, Roy McDonald is a hands-on wealth creator. The programs that he teaches at One Life International have enabled hundreds of satisfied clients to increase their belief in themselves and therefore their belief in their ability to create wealth.

Roy McDonald is a self-made millionaire and director of 49 different structures and interests in more than 24 companies that turn over in excess of $30 million a year (more than $700,000.00 a week!). This includes an Accounting Firm, a Financial Planning Company, a Real Estate Business, a Development and Construction Company, a Training Organization and other business including Investment companies, Trading Companies, a Travel Company, Farming and Cattle Breeding.

Roy McDonald has been educating people in wealth creation strategies for over 23 years and now with OneLife, Roy gives the participants of his programs a holistic and balanced approach to creating the life of their dreams.

March 16, 2010 Posted by | Consume, Consumer Scams, Courses, fraud, Research sites, Seminars, Share Trading, Share Trading Seminars, Share trading Wealth Creation, Superannuation | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Roy McDonald, what is a scam?

If we look at the history of a word or the origin of that word, weather it is the meaning of that word in another language or how it is a acronym of a word (slang) we can better understand how to proceed in our situation. If we search around on the word scam we can find some interesting results, on wikipedia we can see the true origin of the words history where it was first used and in what context. Here is a quote from the history of the word scam ;

History

The first known usage of the term “confidence man” in English was in 1849; it was used by American press during the United States trial of William Thompson. Thompson chatted with strangers until he asked if they had the confidence to lend him their watches, whereupon he would walk off with the watch; he was captured when a victim recognized him on the street.[1]

The true meaning as given on wikipedia is;

confidence trick or confidence game (also known as a bunkoconflim flamgafflegrifthustlescamschemeswindle or bamboozle) is an attempt to defraud a person or group by gaining their confidence.

If we take this a little further and look at the word confidence;

Confidence is generally described as a state of being certain either that a hypothesis or prediction is correct or that a chosen course of action is the best or most effective.

We can start to see that a “confidence trick” (scam) is something that is really up to market forces, as the term would surgest in real estate, “When the market is right, it is right and when the market is wrong, it is right!” This just means that no one really makes the definition singularly, it is a variety of sources that determines the result.

market is any one of a variety of different systemsinstitutionsproceduressocial relations and infrastructures where by personstrade, and goods and services are exchanged, forming part of the economy.

This means that we are always changing and there will always be a negative and a positive to the question, (is this or him or her a scam) what you will need to do is keep yourself up to date with the changes to the situation as tomorrow the market may change. Roy has a saying that goes; Planes fly into buildings! So you can never predict and you must always expect the change will come, it maybe the only prediction you can make.

How will this effect you in the evaluation of a scam? Well lets say a person was involved in being accused of scamming (confidence tick), and they then looked at what they where doing from the perspective of the person that had accused them of this, then change what they where doing. Would this person now be more aware of its consumers? Would their product or services be more in tune with the market now (remember the market is always changing) or would the person that had not had this experience become the one who is not with the times or timing of the market, now could be the one accused of scamming? It can be difficult for a consumer to find the true path they wish to take. That is why I believe a lot in the teachings of my mentor Roy McDonald. He has a primary focus of you purpose in life and where  you want to go and who you want to be. This will cut your decision time down in a big way. You will be well aware of what you want to do and where you want to be thus understanding that industry, product or service better then the average consumer, therefore being able to make a better, educated decision promptly. Have a look at Roy’s Seven Year Plan here this may help you create a future that is more focused and give you more clarity. You should also look for other mentors online that provide a lot of good free advice like Brad Sugars free ebooks.

March 8, 2010 Posted by | Business, Consume, Consumer Scams, Courses, fraud, government resources, Real Estate, Report a Scam, Research sites, Scam Games, Seminars, Share Trading, State Resources, Superannuation, Training | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fighting Fraud Online with New Offensive

Scam watch join the online offensive

Online fraud and scams has jumped up over the last year with a 16% increase overall in the complaints, 68.6% of that was via the internet. A new campaign from the government site http:scamwatch.gov.au has produced a banner that you can add to your site to help protect consumers.

Article reference:

Channel 7 Sunrise

Full List:

2010 Government partners

2010 Private partners

Top

2010 Community partners

Scams Target you

Add the scam watch banner to your site

March 2, 2010 Posted by | Business, Consume, Consumer Scams, fraud, government resources, Real Estate, Report a Scam, Research sites, Scam Games, Seminars, Share Trading, State Resources, Superannuation | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Seminar Scams; Jamie Mcintyre Scam or Not?

The 21st Century Wealth Academy and Jamie Mcintyre, Real Estate Investing / Trading, Wealth Creation, Share Trading and more, so how dose this guy do so much and is it a scam? Jamie Mcintyre runs seminars all over Australia and online he also offers free DVD’s on his seminar, on them he talks about Investment Strategies for Real Estate Investing / Trading and Share Trading general Wealth creation stuff and so on, you can find them almost everywhere online, Financially Free DVD.

So I went for a look around like I recommend on this blog to find the truth on this guy Jamie and I found some interesting articles on some of my recommended sites like http://www.fido.gov.au and got a great article titled Another wealth creation spruiker caught out and the another called Action stops further promotion of wealth creation seminars. Now these where posted back in 2005 and its now 2010 so what now?

His Background (as stated on the fido.gov.au website)
21st Century Academy promotes, advertises and conducts a business of holding wealth creation seminars. These seminars, and related materials, purport to teach people ‘how to excel in the 21st century and make money while you sleep’. Mr McIntyre is described as ‘the founder and head facilitator of the Academy, …a self-made millionaire and an inspiration to thousands’.

ASIC secured interlocutory undertakings from 21st Century Academy and Mr McIntyre on 5 April 2005 to restrain this conduct, pending the Court’s final decision.

Also you may notice that on this page as well http://www.fido.gov.au/fido/fido.nsf/byheadline/05-167+Another+wealth+creation+spruiker+caught+out you have the results of what has gone on, the results of Jamie Mcintyres companies like 21st century academy. You maybe surprised as I was when I had first come across all this negative information about Jamie, you’ll see that the decision was made and Jamie was to not give advice until or unless its given by a company or persons that held a AFSL, Australian Financial Services Licence. There is a little more and you should have a read though that is pretty much the idea.

Here is another interesting part if you go to http://www.21stcenturyacademy.com/jamie-mcintyre.php you’ll see a brief bio on Mr McIntyre and at the bottom it has what he requires to give advice,

Jamie McIntyre is an employee of 21st Century Investment Services Pty Ltd and an authorised representative of Romad Financial Services Pty Ltd (AFSL No 238 032). Jamie has been certified by Romad as being qualified in the areas of derivatives, securities and managed investment products. He is currently authorised to provide general advice and dealing services in Derivatives, Deposit Products, Managed Investments and Securities (ASIC No. 321 315).

Here is another quote from fido.gov.au;

The Executive Director of Enforcement at ASIC, Ms Jan Redfern said the Federal Court’s action should remind consumers that it is important to check the credentials of people providing financial advice.

That is the kind of advice we like to here on scams in any industry weather it is seminars, real estate, business or what ever you name it, the truth will be found on a proper website like the ASIC one or any of the government websites we recommend.

So to wrap this article up I want to let you know the process here: We did a google search and looked for government websites, they have .gov on the end of there URL then we did some reading and did so until we found a conclusion to the story on Jamie, he was a little easier then some less known people though that is a good start in spotting a scam in any case.

February 23, 2010 Posted by | Business, Business Seminars, Consume, Consumer Scams, Courses, fraud, government resources, Real Estate, Real Estate Seminars, Real Estate Wealth Creation, Research sites, Seminars, Share Trading, Share Trading Seminars, Training | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Spotting the difference: Financial Advice Seminar or Scam!

Is it Financial Advice or a scam? Roy McDonald has a great resource and a recommended site called;

http://www.understandingmoney.gov.au/

This site has great resources with financial advice the Do’s and Don’ts of financial advice or financial education.

Here are some of the things that can be included in seminars:

  • How to manage your debt
  • The option available in investing or savings
  • Differences between investing areas like share trading VS real estate
  • How to save money
  • A product range the content and characteristics

Now Roy made this point very clear that if you don’t have a (AFS) Licence then you should not be giving the following advice at a seminar. (Australian Financial Services (AFS) Licence)

  • Giving advice that this product is the one to use
  • Giving advice of which option is best
  • Or advice on which product is best
  • Advising where to put their money

When people are giving this advice it is to particular and narrow in a seminar environment Roy McDonald said it is general advice because everyone is different and that kind of very narrow, this product or that is best, will not suit everyone. We all have different commitments with bills; real estate, personal homes, cars, small loans, phones. What you will really need to know to stop being scammed is your position in detail, have an important documents file with all your details up to date so you can see in an instant and even know to a degree if you are ask how much and where your money is coming from and going too.

The important note here is; if you are at a seminar and worried that an investment in a product from them will be a scam then check in with yourself and your financial position. Am I a person that suits share trading and also will it work with my portfolio? How high is my financial education in this arena, out of 10? Can I afford for everything to go bad if in the worst case it dose.

Stick to your goals as Roy has said before and start simple, here is an example of starting small with a bank account. Roy calls it the Wealth Account, you can find the e-book here;

http://www.slideshare.net/RoyMcDonald/wealth-account-by-roy-mc-donald

February 16, 2010 Posted by | Business Seminars, Consume, Consumer Scams, Courses, government resources, Real Estate Seminars, Research sites, Seminars, Share Trading, Share Trading Seminars, Share trading Wealth Creation, Training | , , , , , , , , , , , , , | Leave a comment

List of the Australasian Consumer Fraud Taskforce: ACFT agencies

Here are a list of the Australian Government sites that are here for a resource;

A collection of great sites this is a perfect resource for you when you are doing you homework, researching a company, person or charity group. Bookmark this page so you have it as a quick reference.

Australian Bureau of Statistics produces research and statistics on personal fraud and scams in Australia.
www.abs.gov.au

Department of Broadband, Communications and the Digital Economy provides links to Australian Government initiatives to improve online security and fraud awareness.
www.dbcde.gov.au

Australian Competition and Consumer Commission is responsible for enforcing the Trade Practices Act 1974 and the state/territory application legislation. It provides advice about scams and how to report them.
www.accc.gov.au

Attorney-General’s Department works to improve identity security, combat identity crime and protect the identities of Australians from being used for illegal purposes. Current initiatives include: The National Identity Security Strategy, The National Document Verification Service (DVS), and the ID Theft – Protecting Your Identity booklet.
www.ag.gov.au

Australian Communications and Media Authority is responsible for enforcing the Spam Act 2003 and has developed an online tool to report spam.
www.spam.acma.gov.au

Australian Institute of Criminology (AIC) is Australia’s national crime and criminal justice research agency. Consumers can fill out a scams survey at www.aic.gov.au/research/fraud/acft/survey.html to gather information to help to improve the prevention, detection, investigation, and prosecution of scam offenders.
www.aic.gov.au

Australian Federal Police represented by the Australian High Tech Crime Centre (AHTCC) provides a nationally coordinated approach to technology-enabled crime. Its brief is to combat serious and complex high tech crimes, especially those beyond the capability of a single jurisdiction.
www.afp.gov.au
Media contact: National Media Team (02) 6275 7100

Australian Securities and Investments Commission (ASIC) investigates scams involving financial products and services including cold calling, phone investment scams and illegal investment schemes.
www.asic.gov.au

Great list from the Australian government here are some from the,

New Zealand Government;

Ministry of Consumer Affairs
www.consumeraffairs.govt.nz

Commerce Commission of New Zealand
www.comcom.govt.nz

Australian State and Territory consumer affairs and fair trading agencies

State and Territory consumer affairs and fair trading agencies protect and promote the interests of consumers by providing advice and assistance, enforcing state consumer laws, investigating complaints, and resolving disputes.

NSW
Office of Fair Trading (OFT)
www.fairtrading.nsw.gov.au

VIC
Consumer Affairs Victoria (CAV)
www.consumer.vic.gov.au

SA
Office of Consumer & Business Affairs (OCBA)
www.ocba.sa.gov.au

QLD
Office of Fair Trading (OFT)
www.fairtrading.qld.gov.au

Tas
Consumer Affairs and Fair Trading (CAFT)
www.consumer.tas.gov.au

NT
Consumer Affairs (Department of Justice)
www.consumeraffairs.nt.gov.au

WA
Department of Consumer and Employment Protection (DOCEP)
www.docep.wa.gov.au

ACT
Office of Regulatory Services
www.ors.act.gov.au

^ Top

Here is some other ACFT information

Taskforce partners

Taskforce members are joined in communicating with Australian consumers about scams by a range of community, non-government and private sector organisations. A list of Taskforce partners will be available on www.scamwatch.gov.au soon.

Reporting a scam

Consumers who think they’ve spotted a scam can report a scam or find out more information about scams on the SCAMwatch website at www.scamwatch.gov.au or call 1300 795 995.

Scams survey

Consumers can also fill out a scams survey on the Australian Institute of Criminology website atwww.aic.gov.au/research/fraud/acft/survey.html Gathering this information will help to improve the prevention, detection, investigation, and prosecution of scam offenders. Aggregated results will be available later in the year from www.scamwatch.gov.au

More information on scams

More information about scams can be found in The Little Black Book of Scams published by the Australian Competition and Consumer Commission, call 1300 302 502 or visit their website www.accc.gov.au

^ Top

Other useful websites or kits (see individual agencies also)

SCAMwatch

A site to help you recognise, report and protect yourself from scams. Explore SCAMwatch to find out more about the scams that target you or your small business. SCAMwatch is the campaign portal for the Australasian Consumer Fraud Taskforce.
www.scamwatch.gov.au

NetAlert

NetAlert is the Australian Government’s cyber-safety website. The site includes advice and resources on Internet scams, identity theft, spam and other online cyber-safety related issues.
www.netalert.gov.au

Protect your financial identity

This website provides information for the public about how to protect your financial identity in everyday life and minimise the damage if a problem occurs. This website has been developed by the Australian Bankers Association, the Australian High Tech Crime Centre and the Australian Securities and Investments Commission.
www.protectfinancialid.org.au

FIDO

The Australian Securities and Investment Commission website for consumers and investors includes warnings about financial scams, lists of illegal investments and unlicensed overseas callers promoting investment opportunities, tips on managing money, and information on how to complain. It also features case studies about people who were made financial offers that were too good to be true.
www.fido.gov.au

Stay smart online

The Australian Government’s e-security website for home users and small businesses. The site has a range of information and resources, including quizzes, guides, tools, tips and advice on how to use the Internet safely and confidently.
www.staysmartonline.gov.au

ID Theft Booklet – Protecting Your Identity

A booklet produced by the Attorney-General’s Department to help Australians prevent, and deal with, identity theft. The Booklet is about how to prevent, and respond to, identity theft. It provides practical strategies on how individuals can protect themselves from becoming victims of identity theft, and what to do if they become a victim of this crime.
www.ag.gov.au/identitysecurity

February 12, 2010 Posted by | Business, Consume, Consumer Scams, government resources, Real Estate, Research sites, Seminars, Share Trading, State Resources, Superannuation, Training | , , , , , , , , , , , , , , , , , | Leave a comment

The 6 Pillars to Spotting a scam

Weather its spotting a scam in Real Estate, Share Trading, Business or the Internet, you can take these 6 steps or pillars to guide you in the right direction to success and not be scammed. They are really about research, research into yourself and research into the industry.

http://www.slideshare.net/RoyMcDonald/6-pillars-to-spotting-a-scam

Here they are;

  1. What is the industry?
  2. Search on the warning signs for that industry?
  3. Search on how to protect yourself?
  4. Do more homework on your personal plan. What is your direction?
  5. Decide based on your personal plan.
  6. Never loses your capital.

Lets go into more detail here;

1. What is the industry? This can be quite simple, a google search like; The seminar industry, or The Real Estate industry, then just click on a few sites and read more. With your clear objective you will be able to find what you are looking for quite quickly.

2. Search on the warning signs for that industry? Again as you are going through the above process, you’ll almost automatically move into this search, keep it simply and use government sites as you can only trust someones opinion so much. Here are a couple of government sites: http://www.protectfinancialid.org.au/About-the-partners/default.aspx, http://wareseeker.com/free-government-agencies-that-protect-consumers/, http://www.sse.gov.on.ca/mcs/en/pages/default.aspx.

3. Search how to protect yourself? The second site, in number two, is a great site for this it list all the free government agencies that will support consumers.

scam support pillars

Avoid Scams with the 6 Pillars

4. Do more homework on your personal plan. What is your direction? What is your personal plan? Her are some great resources; http://www.slideshare.net/RoyMcDonald/seven-year-plan-ebook-by-roy-mcdonald, http://www.slideshare.net/RoyMcDonald/my-seven-year-plan-roy-mcdonald

5. Decide based on your personal plan. This one is very self explanatory.

6. Never loses your capital. This is very important, if you have no capital then you are out of the game all together and it may take some time for you to get back into the game. Always know where you sit with you long term plan and amounts you can spend on new ideas, products or services.

In Closing Roy McDonald’s seven year plan in the link above is a great resource. Weather you think you have a plan or not, you do and as Roy also says, “If you don’t have your own goals then you have been enrolled in someone else’s”, “Weather you have a plan to succeed or fail, you always have a plan”.

February 9, 2010 Posted by | Business, Consume, Consumer Scams, Courses, Real Estate, Seminars, Share Trading, Training | , , , , , , , , , , , , | Leave a comment