335: Watch Out for These Financial Scams!
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 1 November 2017
⏱️ 14 minutes
🧾️ Download transcript
Summary
Learn how to avoid common financial scams.
Recently I got an email offer to buy a domaine name for $55,000. It
was from a Japanese business who said they had a healthy budget
to spend and what price did I want?
A second email specified how the transaction would take place and
mentioned a German escrow account. They mentioned a 5% commission paid for by both parties. They wanted me to pay to them (5% of $55k = $2,750). I don't think so! What a scam.
I also heard a scam involving German escrow accounts was going around.
There are more scams happening that I want to warn you about. There's a common one with real estate.
I have an article to share with you about it.
The article is here: https://www.cnbc.com/2017/10/19/scammers-are-conning-home-buyers-out-of-their-down-payment.html
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Transcript
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| 0:00.0 | Be Wealthy and Smart, episode 335. |
| 0:03.0 | I'm gonna live no rich life. |
| 0:06.0 | Rich life. |
| 0:08.0 | I'm holding that's life. |
| 0:10.0 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of pay hey time I'm gonna live the good life |
| 0:20.8 | and you're gonna live the good life |
| 0:21.3 | and you're a glorious light Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:30.3 | bosses on be wealthy Wealthy and Smart. And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor. Empowering |
| 0:42.3 | Women and Men Worldwide Financial Freedom. |
| 0:45.0 | On today's show, we're going to talk about financial scams, |
| 0:49.0 | and you're going to learn how to avoid some common financial scams that I keep running across and don't want |
| 0:55.8 | you to get caught up in. |
| 0:58.3 | This started out when recently I got an email offer to buy a domain name of mine for $55,000. |
| 1:05.6 | And it came from a Japanese business who said they had a very healthy budget |
| 1:11.4 | and an investor who wanted to buy my domain name and what price did I want for it? |
| 1:18.0 | Well of course I thought this was very scammy sounding and I really didn't take it seriously. I was thinking this is just |
| 1:28.1 | ridiculous obviously something fake but I thought I'll test it and send a few words back. So I just said, I would consider any offers. That's all I said. |
| 1:42.0 | Didn't sign my name, didn't try to say hello Mr. So-and-so and be really |
| 1:46.5 | personable, I just said I'd consider any offers. Just to see what the next email would. I was pretty sure it was going to come |
| 1:55.0 | back as a scam, but I wanted to see. So the next email that came back was an email about details for the transaction, which A, I hadn't agreed |
... |
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