Wednesday, February 11, 2015

Lottery Scams & 3 Avoidance Tips By A SEC Whistleblower

By Bob Oliver


I am of the opinion that lotteries are not exactly the most appealing ways to spend money. It seems like the risk of losing money is much greater than earning it, which means that I'd probably be better off putting my funds into something entirely different. Whatever one's preferences may be, in regards to lotteries, it's important to understand the concept known as lottery fraud. It's an idea that you can learn a tremendous degree about, provided you contact an SEC whistleblower about it.

Before this is done, though, it's important to understand how lottery fraud can surface. In most cases, an individual is given some kind of notice - usually a phone call or letter - telling them that they have won a tremendous sum of money from the lottery. Those who have not entered said lottery should approach this matter with caution, as authorities like Whistleblowers Against Fraud will attest to. For the sake of avoiding lottery fraud, adhere to these 3 tips any SEC whistleblower can support.

People who are approached by potential lottery scams should know that common sense is needed. For example, if someone tells you that you have won a certain amount of money and all you need to do is give your credit card number, you're probably going to hesitate. In fact, those who are more cautious may simply ignore the call altogether after that point. Whatever the case may be, caution is of the utmost importance when it comes to this sort of fraud.

Maybe you will be tasked with the responsibility of cashing in a lottery ticket that isn't yours. What this does, or what it should do, is elevate concerns that much more. The reason for this is because the ticket in question may not be entirely authentic, meaning that you may find yourself in legal trouble if you try to cash it yourself. If this opportunity is presented to you, then, it goes without saying that you should decline as soon as possible.

If you truly want to avoid becoming the victim of a lottery scam, you should try to avoid any terms that may come across as disingenuous. One of the most frequently used is "guaranteed," which is a pretty empty word when you think about it. After all, why should an offer have this term when it should be able to offer what it claims to begin with? Warning signs like this are common in lottery scams and they are the ones to focus on as well.




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