Essays on Aware of Fraud and Scams Coursework

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The paper "Aware of Fraud and Scams" is an outstanding example of a finance and accounting coursework.   In the contemporary world, the issue of unexpected prizes is common. This is whereby the lottery scams operate by requesting people to pay some little fee in order to enable one an opportunity to claim for personal winnings or prizes from a genuine lottery or competition. In order for the scam to arrive, the scammers send email to the target individuals. The scammers end messages informing a person that they have won unexpected prizes for lottery or sort of competition that they are aware that it is in existence by that time and the one cannot remember their participation.

The messages can also be sent through social media, text messages, email, or telephone (Button, Nicholls, Kerr, & Owen, 2015). Through their messages, they make individuals think they bought the applicable tickets or that the lottery does not require purchasing of tickets for people to win the prizes. The major prizes claimed to be won are cash, electronic equipment like a smartphone or tropical holidays from an international lottery. In unexpected winnings, scammers claim that the fee required to be paid is for bank fees, insurance costs, courier charges, or government taxes.

On order to make the determined money many times, scammers make changing the initial story but install the provision of one’ s winnings. They might also ask a person to dial a specific phone number and keep the target individual on the line for a long period to enhance clocking up of the charges. One is also asked to prove that they are the intended winner and offer their bank details to enable sending of the prize.

Such information is used to steal money owned in the bank account. On the other hand, they might request for the calling of a second premium rate phone number. They trick the unexpected winner by asking them to make urgent responses to avoid the risk of missing out their prizes. In addition, they ask a person to keep it a secret and the information confidential to prevent the diversion of the particular prize to other people and for the security in the entire process.

The aim of this is to stop one from seeking advice from other sources. The tone used by scammers is very friendly in order to make the individual believe in the information. Example During the UK National Lottery, various people were sent messages being informed that they were winners of the expected money. Through the messages, the unexpected winners were informed their winning serial numbers and the category of the prize purposed to be won. In the message, they were issued with the information of agent to contact and advised to provide personal detail that would enhance the determination of if they were the genuine winners. • Fake charities Description Fake charities are those charity organizations that might sound to be real to the public and yet they are impersonated by the scammers or fraudsters with the aim of attracting victims to donate money and other donations.

Hence they take advantage of donor’ compassion and generosity for those who are genuinely in need. Fake charities are found everywhere and in all nations, and they majorly operate via the internet, though they might pretend to be having operational offices.

Their approaches occur as if trying to respond to real issues and emergencies such as; bushfires, earthquakes, cyclones, and floods (Button, Nicholls, Kerr, & Owen, 2014). In this situation, the scammers tend to pose as agents of a genuine and famous charity organization in order to have a personal charity name, thus, diverting the required donations away from the genuine charities. The scammers use names that are almost the same with those of efficiently known organizations, therefore the need to be keen about the spelling of the charity’ s name as well as the website URL.

They also make the donors believe that the particular organization is legally registered by the government and operating in the real world. These fake charities tend to make unsolicited requests for donations through the internet, for instance claiming to assist ill children.


Button, M., McNaughton Nicholls, C., Kerr, J., & Owen, R. (2015). Online fraud victims in England and Wales: victims' views on sentencing and the opportunity for restorative justice?. The Howard Journal of Criminal Justice, 54(2), 193-211.

Button, M., Nicholls, C. M., Kerr, J., & Owen, R. (2014). Online frauds: Learning from victims why they fall for these scams. Australian & New Zealand Journal of Criminology, 47(3), 391-408.

Naylor, R. T. (2007). The alchemy of fraud: Investment scams in the precious-metals mining business. Crime, law and social change, 47(2), 89-120.

Whitty, M. T. (2015). Anatomy of the online dating romance scam. Security Journal, 28(4), 443-455.

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