The Scam Alert Blog

Here is yet another scam that centers around the payment being sent to a foreign bank account, this one involving fake stock investments. The scammers will groom potential victims with promises of ground floor investments that are not available to the general public yet. They’ll provide them with all the fake paperwork and websites to show that it is a real opportunity. The eye opening red flag that should make everyone aware that it is a scam is when they ask for the payment to be sent to a foreign bank account.

Be very wary of any transaction where the person selling you the goods or services requires payment sent to a foreign bank account. Most legitimate businesses have no problem establishing bank accounts in countries that they do business in. Don’t let scammers separate you from your money.