by GomerPyle
Fri Aug 07, 2009 2:07 pm
Scammers are fascinated by this type of account, mainly because if they can get their hands on enough details to be able to convince the bank that they are you, they can wipe you out for a fortune.
Home equity accounts are usually an account that consolidates all your accounts, including your home loan into one, and you can draw money off your mortgage or repay money with great flexibility.
The advantage to a scammer is that the account will have a big loan limit on it and he will know that, if he can get enough information off you, he has a shot at ringing your bank, and by using the information you have supplied, make a transfer off your account to himself.
I think this is a low chance scam, but if it works, the payoff is immense. Firstly, people with this financial arrangement are usually not needing any other financial help and would ask their bank, not a stranger off the internet, if they needed assistance. Someone with this sort of set up is usually going to be financially astute.
I note that it involves receiving (counterfeit) cheques. The scammer knows he can write out larger cheques if a person has this type of facility in place, and as a bonus, can go for taking as much money as the limit will allow.
This is a long shot by a scammer, but he only needs this type of scam to work once and he is set up for life, as a victim would have their life destroyed.
Home equity accounts are usually an account that consolidates all your accounts, including your home loan into one, and you can draw money off your mortgage or repay money with great flexibility.
The advantage to a scammer is that the account will have a big loan limit on it and he will know that, if he can get enough information off you, he has a shot at ringing your bank, and by using the information you have supplied, make a transfer off your account to himself.
I think this is a low chance scam, but if it works, the payoff is immense. Firstly, people with this financial arrangement are usually not needing any other financial help and would ask their bank, not a stranger off the internet, if they needed assistance. Someone with this sort of set up is usually going to be financially astute.
I note that it involves receiving (counterfeit) cheques. The scammer knows he can write out larger cheques if a person has this type of facility in place, and as a bonus, can go for taking as much money as the limit will allow.
Mr Allen Murphy
from Mr Allen Murphy <[email protected]>
reply-to [email protected]
to
date Fri, Aug 7, 2009 at 4:47 AM
subject The Home Equity Relief
mailed-by msn.com
Dear Sir/ Madam,
The Home Equity Relief in conjunction with the New Face Of American Govt and the International Monetary Fund {IMF} is embarking on its first ever global Home Equity assistance scheme; a risk free financial windfall for interested participants who currently own a house.
You MUST be a home owner who currently has a Home Equity Line of Credit Account with any reputable institution in America. Being a home owner alone will qualify you to participate as you are expected to have a Home Equity Line of Credit current at this moment.
We are looking for interested participants who will help receive payments on our behalf from our teeming individual and corporate sponsors who are about to start funding our global charitable activities.
If you are interested in participating, we shall inform any of our individual or cooperate sponsors/donors to make payments to us through your account. You will be required to take 10% of each deposit and send the rest {the remaining 90%} to any of our authorized representative or agent’s account. It will be a tax-free transaction.
Please if you are not a home owner with a current Home Equity Line of Credit Account, do NOT reply this mail. Note that this is not a lottery and no fees will be required from you. Note also that a mortgage account, or savings account is not required, It must be a Home Equity Line of Credit Account.
Reply with your full names, contact phone number and home address so that we can contact and guide you.
Thanks for your anticipated participation.
Sincerely,
Mr Allen Murphy
Director
Home Equity Relief
This is a long shot by a scammer, but he only needs this type of scam to work once and he is set up for life, as a victim would have their life destroyed.
Non-EU citizens should go here to find out about obtaining a visa to work as an au pair in the UK
http://www.ukvisas.gov.uk/en/doineedvisa/
Whenever payment is requested by Western Union you're dealing with a scammer
http://www.ukvisas.gov.uk/en/doineedvisa/
Whenever payment is requested by Western Union you're dealing with a scammer
41.211.226.158 NIGERIA Known Scammer 419Buster Database
