Ponzi schemes, fake crypto and more: Durham police list seven common types of scams in recent years

Ponzi schemes, fake crypto and more: Durham police list seven common types of scams in recent yearsIn recent years, they have been warning of a rise in the number of scams targeting people in the region.

Ponzi scheme: an investment scam that sees early investors paid with money taken from later investors. This creates the illusion of big profits but is unsustainable because its growth is driven by swindling new investors. Remote job opportunity: fraudsters will hire you to receive and transfer money to them, and tell you it is a legitimate business. Not all ‘money mules’ know they are working with scammers.

Taxi scam: a scammer will approach you in a parking lot and say their cab doesn’t take cash. They will ask you to pay with your credit card and give you the cash. However, the driver, who is working with the scammer, will switch your card for a fake one. Once you punch in your PIN, the scammers can use your card to make purchases.

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