How to prove a scam transaction?
My father got a letter from some Chinese “investor” who promises millions of dollars based on a dead relatives account. Mr. Jin Fu, Principal Assurance Manager for the Agricultural Bank of China, would like to split the millions of dollars that the dead relative invested in China.
I know it’s a scam, everything about the letter screams scam, but dad thinks he hit the lottery.
How do I prove to him that this is a scam?
100% scam, you are correct. There are scam warner, scam-busting, romance scam websites where you can find examples of that scam, victims of that scam, ask questions and find something to prove to your dad that this is a scam.
There is no banker at some overseas bank who suddenly found a domant account with millions yet can’t find a single relative of the account owner who managed to die suddenly in a plane/train/car accident or whatever natural disaster was just on the world news and didn’t leave a will. Now this highly educated executive who writes like an 8 year old, must have a foreign partner to help him move this newly discovered wealth to any bank in any other country before his government seizes the cash.
There is only one scammer trying to steal your dad’s hard-earned money by using a fake story, stolen pictures, stolen information on a natural disaster and copied links from a legit website, all while pretending to be several different people all with free email addresses.
The next email was from one of the scammer’s fake names and free email addresses pretending to be the “minister/banker/barrister” and has demanded your dad pay for made-up money transfer, document, certificate, stamp and bank fees, in cash, and only by Western Union or moneygram.
Western Union and moneygram do not verify anything on the form the sender fills out, not the name, not the street address, not the country, not even the gender of the receiver, it all means absolutely nothing. The clerk will not bother to check ID and will simply hand off your cash to whomever walks in the door with the MTCN# and question/answer. Neither company will tell the sender who picked up the cash, at what store location or even in what country your money walked out the door. Neither company has any kind of refund policy, money sent is money gone forever.
Now that your dad has responded to a scammer, he is on his ‘potential sucker’ list, he will try again to separate your dad from his cash. He will send your dad more emails from his other free email addresses using another of his fake names with all kinds of stories of inheritances, dead millionaires, great jobs, lottery winnings, millions in the bank and desperate, lonely, sexy singles. He will sell your dad’s email address to all his scamming buddies who will also send him dozens of fake emails all with the exact same goal, your dad sending them his cash via Western Union or moneygram.
You could post up the email address and the emails themselves that the scammer is using, it will help make your post more googlable for other suspicious potential victims to find when looking for information.
Do you know how to check the header of a received email? If not, you could google for information. Being able to read the header to determine the geographic location an email originated from will help you weed out the most obvious scams and scammers. Then delete and block that scammer. Don’t bother to tell him that you know he is a scammer, it isn’t worth your effort. He has one job in life, convincing victims to send him their hard-earned cash.
Whenever suspicious or just plain curious, google everything, website addresses, names used, companies mentioned, phone numbers given, all email addresses, even sentences from the emails as you might be unpleasantly surprised at what you find already posted online. You can also post/ask here and every scam-warner-anti-fraud-busting site you can find before taking a chance and losing money to a scammer.
If you google “fake next-of-kin scam”, “fraud inheritance bank Western Union scam”, “fake Ghana refugee scam”, “fraud romance scammer” or something similar you will find hundreds of posts from victims and near-victims of this type of scam.
How to get a peaceful world?
Now, every people think that terrism is the most dangerous things in the world, but no people think where does those people come from. erase 1 or 2 terrism or 1 or 2 terrism country cannot solve the problem at last, we should solve the reason.
Today, in the world, there are 2 world, communist world and capital world, China is the lead of the Communist world, USA is the lead of the capital world, for economic reason, capital world invest to China, for they think China have market.
but Chinese Communist Party use the money to crack down innocent people to support their high pressure communist control, and develop their army force. They also support terrism, to make exchange to western country. They use their own rule to define law, and force western company to involve in their crimal.
I think Chinese Communist Party is the most dangrous thing in the world much more dangrous than terrism.How to get a peaceful world? Stop Chinese Communist Party’s rule in China!
I agree to a certain extent however china has never been a country to try to conquer other countries except those it felt was part of china also they are adjusting their birth rate where as the middle east and Africa are not to win this war we have to stay the course as well as bring freedom and quality of life to these ares if a person has something to live for they are not as fast to buy into the extremism and terror. The middle east has really no middle class just rich and poor . The rich no better but they keep the hate alive because if they did not they would be the target of the terror.
How China can beat a declining America?
American bans any high-tech exports to China. So in my opinion, in order for China to beat America, China must forge a stronger ties to Europe and must remind Europe they are not the “little brother” to America. China must also invest in solar power and high tech products. China can be a better superpower than America. America has record high umemployment(where kids can’t find jobs), record debt, record budget deficit, and record low graduate rates. America should not be a world leader and doesnt matter anymore. What do you think?
The proof is in the pudding. China is not dynamic despite dynamo potential. They have to learn to do all things better, not merely well. This is a huge task for a country who has billions of people. China’s population is aging which will strain the already sparse health system. China needs medicine and consumer oriented health expertise throughout some of the villages and hamlets of the many provinces that are throughout China. China is next door to a crumbling North Korea, whose people will flood China with exiles should the country collapse. Increasingly the country suffers from devastating earthquakes. Seventy five percent of the world is water. China’s navy can patrol the disputed China sea, a year ago it was with maritime fishing boats, harassing a U.S. Vessel.
China is an export country. The U.S. Is an import country, right? Who else in the world has the infrastructure to absorb Chinese exports, that would be trains, shipping, like UPS, FEDEX, the U.S. Postal system, waterways for shipping and mature docks, a robust trucking industry. Who else in the world can do such a thing, anytime soon? Russia? Do you think any of the Arab states? They can’t because they are geared towards energy. They do not have the land mass to dock product, but they are capable in commodities. France is the size of Texas, Spain the size of New York, Germany the land mass of Wyoming or Utah. Combine all of the European states and they do not have the package to receive delivery from China’s massive production processes. Nor do they have a unified government that gives them the best chance to function in unison. This too hampers NATO.
Africa is rife with corruption, full of potential, but not yet ready. America has to rethink some things, re-write and re-invent critical banking regulations, a cracked U.S. Constitution is an issue and rejuvenate a brave but weary military who has been at war for a decade, first in Bosnia, then Iraq and still Afghanistan. If sports is analogous to countries, teams have their ups and downs, but being down does not mean being out in the world of competition. America can be beat, but so can China.
Is it risky to invest in Intereffect Funds China?
How big is the risk?
Look if you want to invest for short periods, yes it is extremely risky. The China bubble needs to burst before you start investing in the short term. But yes if you are thinking of long term, you can always put in some money. Don’t allocate more than 10% of your asset. For long term its best to invest when you have the money not when bubble bursts. But be extremely cautious in the short term. The Shanghai index has gone up by 150% in one year. These gains are unrealistic and are being supported by nervous chinese retail investor which will pull out money. Don’t loose your money in such a gamble in the short term. Long term china can prove to be golden egg.
If China is a communist system, then how come people still buy and sell stocks there?
Capitalism is basically private ownership of property and assets right? So people are free to do whatever they wish with their capital. Shareholders can buy and sell a company’s assets and stuff. and everything holds by the laws and supply and demand. America’s a great example.
So if the government in China owns everything because of communism, then how come people in China still invest, buy/sell, and exchange goods and services? Prices of food and products still rise and fall with the public’s demand….so what makes China communist/socialist rather than capitalist if it their economic system still retains so many of capitalistic characteristics?
Hong Kong retained the top spot as the world’s freest economy, a position it has held since the report was first issued in the mid-1990s.
This is why you see people flee to Hong Kong from China and not the other way around. The State does ultimately own and control everything but in Hong Kong and I believe one other city, they are allowed to play by different rules which is why you have seen such immense progress in that city, via living standards, technology, innovation, and overall success.
As for the rest, Its more like State capitalism economically while communist politically. It is an interesting but still very oppressive political and economic (other than Hong Kong) system. The State still technically owns all property.
“The socialist movement takes great pains to circulate frequently new labels for its ideally constructed state. Each worn-out label is replaced by another which raises hopes of an ultimate solution of the insoluble basic problem of Socialism—until it becomes obvious that nothing has been changed but the name. The most recent slogan is “State Capitalism.”[Fascism] It is not commonly realized that this covers nothing more than what used to be called Planned Economy and State Socialism, and that State Capitalism, Planned Economy, and State Socialism diverge only in non-essentials from the “classic” ideal of egalitarian Socialism.” – Ludwig von Mises
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