Monday, July 15, 2013

Congratulations, You Have Just Won a Foreign Lottery

“You just won the two million dollar lottery, and to claim your prize, please mail or wire $350.00 to cover processing fee, taxes, and so on.”  Ha! Ha! Ha! The joke is on you. Of course, this is no laughing matter. Most of us have received this type of communication through the postal service, email, or telephone.

If you have to send money to claim your prize, most likely, it is a hoax, and you can end up losing all of your savings. Unfortunately, these tricksters often target senior citizens.

Think about it. If you really win money, why must you send a fee to claim your prize? Let the sponsor deduct the fee from your winnings. Of course, this will never happen. The only people who benefit from this are the people committing the fraudulent act.

If you are a caregiver for a family, relative or friend, please warn them about foreign lotteries. Many are shams, and playing them may be illegal.

To learn more about protecting yourself and others, visit Protect Your Finances and Delivering Trust

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