Sending counterfeit money orders to unsuspecting individuals has become big business. For people who are not attached to the cash that they have in the bank, they may be willing to take a chance on helping someone. However, most individuals who are caught up in this web of deceit have found their financial concerns damaged tremendously. A person should be aware of how this scheme works and how they can avoid it at all costs. How does this scam work? Well, the potential victim is contacted by a person from a foreign country, specifically Nigeria. The foreigner will pose as a student or a person who is having serious issues in their family and they are looking for help. It should be know that these people play upon one's sympathies and try to convince them that they need help in the worst kind of way. They will then try to convince the victim to take receipt of a money order and subsequently cash the order. For one's time and effort they are asked to keep part of the cash and to send the rest to the individual in the foreign country. The issue with these money orders is that they are a hoax and a person who cashes them can be left in serious financial peril. The key is to know how to spot a fake money order compared to a real one. According to the United States post office, a real money order will have a watermark of Benjamin Franklin on both sides of the monetary item. Also, a security thread that has USPS printed on it will run from top to bottom of the money order. In order to get a better view of these and other security features, go to www.usps.com for the latest on this scam. Money orders have become one way that people can pay for goods and services without dealing with a bank. However, this newest scheme is alive and doing quite well on the internet, and a person can easily get roped into the scam. If one knows the facts and what to look for, then their money will more than likely be safe. The internet is a great place to research this subject, but it can also be the reason for one's demise. Know the facts and be wary of any stranger asking for money. Learn more about money orders scams at Mike Selvon portal. While you are there leave is a comment at our currency rates blog, and receive your FREE gift.
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