To finalise the trade, the scammer asks the seller to forward this extra money to a “shipping company”.
Unwittingly, the seller forwards money direct to the scammer (who promptly disappears).
The original payment never materialises; it turns out the email from Pay Pal is fake.
How to avoid them: This category is a catch-all that includes goods of dubious value bought online as well as malicious online adverts and computer hacking.
In this instance, “Andreas” has stumbled upon .5m in an account belonging to a deceased customer.How to avoid them: Phishing is one of the most common types of scam.The name refers to the scammers “phishing” (fishing) for victims by sending official-looking emails.How they work: Scammers use online dating sites to form relationships with people who are looking for love.Once they’ve built up enough trust, the scammers begin asking for money “to pay medical expenses for a sick aunt” or some other ruse.The scammer pretends to be interested in the auctioned item as a present for someone else.The scammer says he wants to buy the car but as he’s out of town on business he’s wired payment via Pay Pal.Since the letter’s recipients share the same last name as the deceased, they’re given the opportunity to claim part of the will in exchange for “legal fees”.Another common version of this scam is where a “Nigerian prince” needs the recipient to advance him some money to help “transfer” funds.He’s willing to share the windfall with you, provided you help him transfer the money overseas.Scammers like Andreas persist because every now and again someone takes the bait.