335: Watch Out for These Financial Scams!

Learn how to avoid common financial scams.

Recently I got an email offer to buy a domaine name for $55,000. It was from a Japanese business who said they had a healthy budget to spend and what price did I want?

A second email specified how the transaction would take place and mentioned a German escrow account. They mentioned a 5% commission paid for by both parties. They wanted me to pay to them (5% of $55k = $2,750). I don't think so! What a scam.

I also heard a scam involving German escrow accounts was going around.

There are more scams happening that I want to warn you about. There's a common one with real estate.

I have an article to share with you about it.

The article is here: https://www.cnbc.com/2017/10/19/scammers-are-conning-home-buyers-out-of-their-down-payment.html

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