July 24, 2024

The police in Durham have recently issued a warning about seven frequent scams. They highlight an uptick in scamming incidents in the area and emphasize the importance of being informed for prevention. Encouraging public vigilance, they remind everyone that if something sounds too good to be authentic, it probably is a scam.

They highlight these common scams:

* Ponzi Scheme: This investment fraud involves paying off the initial investors using funds from new investors. It appears profitable initially but is unsustainable because it relies on continually attracting new victims.
* NOSI Scam: Persistent door-to-door representatives aim to get inside your house. They pretend to be from recognized companies and sell household goods like furnaces and air conditioners. Once in, they collect personal details and place a lien on your property.
* Remote Job Scam: Fraudsters trick individuals into acting as ‘money mules,’ making them transfer money under the guise of legitimate employment.
* Facebook/Kijiji Scam: Scammers publish an ad for an item at a substantially lower price than the market rate. They then vanish after receiving a deposit from the buyer. The police suggest avoiding online deposits and setting up face-to-face meetings in safe public places.
* Taxi Scam: A scammer claims their taxi doesn’t accept cash and asks you to use your credit card in exchange for cash. The driver, who is in cahoots with the scammer, then swaps your card for a fake one and uses it to make purchases once they have your PIN.
* Parking Lot Scam: Scammers spy on you while you make a purchase in a store and memorize your PIN. Then, a second scammer distracts you, often by requesting assistance with a supposed flat tire. During the distraction, the first scammer steals your cash and cards.
* Crypto Investment Scam: Scammers tempt you to invest in cryptocurrency, claiming they have a unique algorithm or knowledge of an exceptional investor. They make you believe your investment is booming but refuse to return your money, instead coaxing you into further investment.

### Frequently Asked Questions

#### What are some Common Scams in Durham?

The Durham Police have recently flagged seven frequent scams, namely the Ponzi scheme, NOSI scam, remote job opportunity, Facebook/Kijiji scam, Taxi scam, parking lot scam, and crypto investment scam.

#### How can one avoid falling prey to Ponzi Schemes?

The key to avoiding Ponzi schemes is keeping informed about how they work. In Ponzi schemes, early investors are paid off with funds procured from later investors. Keeping in mind that if an investment deal seems too good to be true, it’s likely fake, will further help prevent becoming a victim.

#### How can one protect oneself from crypto investment scams?

To safeguard against crypto investment scams, one needs to be skeptical of offers that promise guaranteed returns or use high-pressure sales tactics. Individuals should thoroughly research potential investments, the people promoting them, and consult with a trusted advisor if unsure.