Friday, October 24, 2014

8 Money Wiring Fraud Prevention Tips

Money wiring services and reloadable debit cards are still criminals’ payment method of choice when it comes to raking in their ill-gotten gains from scam victims.

So much so, in fact, that a couple of the big money wiring companies themselves have agreed to pay compensation of $200 million to reimburse victims, and one of the leading debit card firms has announced that it will abandon its main reloadable card in 2015.

The attraction to the crooks is simple: Both payment methods are untraceable. Law enforcement is usually unable to track down where the money went.

Click here to read the full article.

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
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