A stranger comes up to you and asks for a favor. This person somehow (the game changes regarding the item of value), has come in possession of something very valuable, but for reasons that sound plausible s/he cannot cash in on the item. The stranger is very willing to give you the circumstance in which […]
A stranger comes up to you and asks for a favor. This person somehow (the game changes regarding the item of value), has come in possession of something very valuable, but for reasons that sound plausible s/he cannot cash in on the item. The stranger is very willing to give you the circumstance in which s/he has obtained the item of value and equally willing to explain why s/he cannot cash in on it. S/He will also share with the you why the money is needed immediately.
S/He asks for your advise and help. S/He offers to share the profits if only you will help. Another person unknown to you and seemingly unknown to the person who has the valuable item comes into the conversation. The third person says he overheard the conversation and has an idea of how to help and would also like to share in the profit. The third person says he knows where he can sell, transfer or otherwise obtain cash for the item. He offers “good faith money” to the person with the item for the period of time he has the item until it is converted to cash and split up. The third person asks you to put up the same amount of “good faith money” to the first person, just as he has, so that the owner of the item will not feel as if he might lose the item’s value.
You are faced with a decision. Do you put out $500.00 (or what ever amount determined), to a stranger to get back a $1,000.00 in twenty minutes. If you give them the money, you’ve LOST it.
Of course the first unknown person knows the third unknown person. They are wonderful actors and very convincing. This scam has been going on for decades and will continue as long as people try to get rich quick or obtain something they do not deserve.
Other Variations of this Con:
When someone tells you they have just found a large amount of money and wants to share it with you — but you have to put up some of your own cash in order to show good faith, RUN! do not walk. Escape with your wallet where it should be. In your pocket!
If a stranger offers to bless your money or perform a secret ritual which will cause it to double in value, remember, if you give this person money, it is magic all right! Disappears along with the individual you gave it to.
My advice is to know: When it sounds too good to be true, it is a scam, and the best thing to do in that situation~RUN! don’t walk to the nearest Police Station, report it! Save another person the pain of being ripped off by some smooth talking crook!