Information technology currency trading financial scams

In some cases, traders seek profits from minor fluctuations in exchange rates or speculate on currency fluctuations. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster’s page for free fun content. Please log in or register to use Flashcards and Bookmarks. Write what you mean clearly and correctly. March 2009 will increase around 30 percent from the previous year to a record 906 billion yen based on its survey of 128 firms handling forex margin trading.

Disclaimer All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. This site requires Javascript to function correctly. Through the use of modern technology and business convenience services, criminals can disguise their location and execute their scams from anywhere. To be clear, each of these services are entirely legal and they are regularly and legitimately used for their intended purposes by millions of consumers and businesses each day. However, like any other service, they can also be misused by persons for illegal purposes. These services allow thieves to identify and target victims around the block, across town, five states away, or halfway around the world.

They can set up virtual shop anywhere they choose, in a manner that can even cause them to appear to be a local business, regardless of their true location. The following are some of the common tools that thieves regularly use to hide their true location and make their activities appear legitimate. It is important for you to be aware of these methods, and how they can be used in an attempt to defraud you and your business. A virtual office is an office location, and corresponding mailing address, that is shared by many businesses. The company providing the virtual office service may provide a receptionist to greet visitors or take telephone messages, mail forwarding and fax services, and even a conference room that can be used for occasional client meetings. Each business using the virtual office location is charged a small monthly or annual fee. Business identity thieves and fraudsters use virtual offices for the same convenience and appearance reasons as legitimate businesses, but with more nefarious purposes in mind.

VoIP services allow users to place and receive calls over their Internet connection. Many consumers and businesses alike have dropped their traditional local telecom companies in favor of the low cost VoIP services. An additional advantage to these virtual telephone services is that subscribers can obtain local telephone numbers in any location, regardless of the subscriber’s actual location. This feature is popular with companies that want to offer more “local” service, or at least give that appearance. For example, a business located in New York, with a large number of customers in New Jersey, can obtain both a New York number and a New Jersey number. Criminals like to use virtual phone services for this same reason. For example, the criminal can be located in Arizona, and obtain a local number for Chicago, Illinois if he or she wants to make bogus calls to prospective victims in that area.