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Scammers had lifted her ad from the popular real estate site and, within days, created a fake listing using Kluesener’s name, photos, and even open-house times.
Purchasing a home is like investing in a piece of your legacy. Unfortunately, this makes real estate a prime target for con artists. According to the FBI’s Internet Crime Report 2021, the losses ...
The Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center (IC3) found that nearly 1,500 Americans ages 60 and older reported losing a total of $65 million in real estate scams ...
Get-rich-quick scheme. A get-rich-quick scheme is a plan to obtain high rates of return for a small investment. Most schemes create an impression that participants can obtain this high rate of return with little risk, skill, effort, or time. The term "get rich quick" has been used to describe shady investments since at least the early 20th century.
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Swampland in Florida. A freshwater swamp in Florida. Swampland in Florida is a figure of speech referring to real estate scams in which a seller misrepresents unusable swampland as developable property. These types of unseen property scams became widely known in the United States in the 20th century, and the phrase is often used metaphorically ...
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
1. Scammers. If you’re getting a text message without a company associated with it — maybe from a random guy named “James” — it’s probably in your best interest to ignore it. “If ...