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Submitted URL: https://www.ameriprise.com/legal/email-fraud
Effective URL: https://www.ameriprise.com/privacy-security-fraud/fraud-reporting/common-types
Submission: On May 22 via api from US — Scanned from DE
Effective URL: https://www.ameriprise.com/privacy-security-fraud/fraud-reporting/common-types
Submission: On May 22 via api from US — Scanned from DE
Form analysis 1 forms found in the DOM
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Skip to main content Skip to Login Skip to Find An Advisor Skip to footer * Online security guarantee * Help * Hi, * Return to My Accounts * Log out Log out * Online security guarantee * Customer Service * Log In Log In * Search Search * Online security guarantee * Customer Service * Log In * Find an Advisor Find an Advisor Log In * Search Search * Online security guarantee * Customer Service * Log In Log In * Search Search * Online security guarantee * Help * Hi, * Return to My Accounts Return to My Accounts Log out COMMON TYPES OF FINANCIAL FRAUD LEARN HOW TO RECOGNIZE RED FLAGS AND PROTECT AGAINST COMMON TYPES OF FINANCIAL FRAUD. IN THIS ARTICLE: * Recruitment fraud * Advance fee fraud * Romance scams * Debit card fraud * Advisor imposter fraud * Investment fraud * Phishing scams: Email, text and phone fraud * How to report fraud RECRUITMENT FRAUD The objective of this kind of financial fraud is to obtain money and/or personal, financial or account information from people who believe they are applying for a real job. The fraudster uses fake company job websites, career websites, social media posts and/or emails to lure applicants into providing money or personally identifiable information. Common types of fraud Red flags to watch for How to protect against it Job postings on legitimate career websites Social media Fake employer website Recruitment emails Fraudsters request bank account information to pay for training materials, interview travel or direct deposit for paychecks They set up fake links for applicants to enter banking or other personal information They provide an applicant with a fake cashier’s check (paper or digital) to purchase office equipment They promise a job without interviews Never provide money Contact Ameriprise Financial at Ameriprise.recruiting@ampf.com if concerned about the legitimacy of any correspondence/interaction with Ameriprise ADVANCE FEE FRAUD This kind of fraud typically involves promising the victim a large sum of money in return for an up-front payment, which the fraudster requires in order to provide the large sum. If a victim makes the payment the fraudster either invents a series of new fees the victim must pay or simply disappears. Common types of fraud Red flags to watch for How to protect against it Lottery IRS Inheritance Vacation rentals Work from home/career opportunity Check overpayment Loan The offer seems too good to be true Grammatical errors and typos Sense of urgency –scammers will pressure you and say the situation is very urgent to get you to act before you think Extreme confidentiality –the scammer doesn’t want you to tell friends or family Up-front payment – asking for money is a major red flag Winning a lottery that you did not enter Stop communication and block the sender Never share your account information, Social Security number, bank information or other sensitive financial information Do not respond to offers that sound too good to be true Be wary of a website or correspondence claiming to be from a U.S. government agency whose e-mail address does not end in “.gov”, “.mil”, or “fed.us.” Be aware of secondary scams that may include someone promising to find your scammer and get your money back ROMANCE SCAMS Romance scams typically involve feigned romantic intention toward a victim, gaining their affection, and then using that goodwill to commit fraud. Common types of fraud Red flags to watch for How to protect against it Online dating Social media Someone has claimed to have fallen in love with you quickly, often within 24-48 hours The person wants to immediately leave the online site to use instant messaging or email Their online profile seems to disappear as soon as you start talking to them They request to keep the relationship a secret They ask for money They claim to be in the military or work overseas and need money for flights home They plan to visit you, but an event prevents them from doing so, or they ask for money for travel costs They tell you they need money for medical issues (such as a sudden surgery), for themselves or a family member Never share your account information, Social Security number, bank information or other sensitive financial information with anyone Avoid posting details such as your full name, date of birth, or home and work addresses on online profiles Never respond to any requests to send money, or have money transferred into your account by someone you don't know and trust Trust your instincts – if you think something feels wrong, it probably is DEBIT CARD FRAUD Debit card fraud involves the unauthorized use of funds through debit card transactions. Common types of fraud Red flags to watch for How to protect against it Lost/stolen card Compromised/counterfeit card Pre-paid debit card scams Multiple card entries for high-dollar orders Unauthorized purchases Multiple purchases of the same item International shipping An unsolicited phone authorization for a cash advance Enroll in email and text alerts (Note: For Ameriprise accounts, register or log in and go to My Profile to enroll) Check account statements frequently Never share your PIN number with anyone Keep your card and PIN stored in a safe place Do not allow non-account holders access to your card or PIN ADVISOR IMPOSTER FRAUD The objective of advisor imposter fraud is to obtain money and/or personal, financial or account information from individuals who believe they are investing money. The fraudster uses fake company job websites, social media posts and/or emails to lure applicants into providing money or personally identifiable information. Common types of fraud Red flags to watch for How to protect against it Fake advisor website using the registered representative name as the domain for the website Picture purporting to be the registered representative Information about the registered representative’s employment history, CRD numbers and/or exam history Request for contact form asking name names, email addresses and phone numbers Sites may contain poor grammar, misspellings, odd phrases, or misuse of financial services terminology Emails with fake links for individuals to enter banking or other personal information Requests to send cryptocurrency or gift cards Requests to send money payable to anyone other than Ameriprise Promises of guaranteed high investment returns Search for an Ameriprise Advisor using the tool “Find an Ameriprise financial Advisor” on www.ameripriseadvisors.com Once you locate a financial advisor using the tool, you are provided a valid website, email address using ampf.com as the domain, and a phone number Reach out to the financial advisor using the information provided on our website to discuss investment opportunities INVESTMENT FRAUD Investing scams targeted at retirees are becoming increasingly common because they are more likely to have large amounts of money saved, and “get rich quick” schemes can be appealing to those on a fixed income. The first step to protecting yourself — or a parent — is knowing what types of investment scams to watch for. Kind of investment fraud What is it Red flags to watch for Ponzi scheme (also known as pyramid scheme) A Ponzi scheme involves using money from new investors to provide a return — often much higher than typical market gains — to existing investors rather than using legitimate investment returns. Ponzi schemes fall apart when the money owed to the initial investors becomes greater than the amount that can be raised from new investors. Pyramid scheme operators may reach out via phone, email or word of mouth If investment returns seem too good to be true, they probably are. If in doubt, request documentation such as a fund prospectus or the most recent annual report. These may help provide more context for investors — or raise suspicions if they aren’t readily available for review Pump and dump This involves a group of people buying a stock then recommending it to thousands of investors. The result? A rapid spike in stock price followed by an equally fast downfall. The perpetrators who bought the stock sell off their shares at a huge profit when the price peaks. Pump and dump schemes often circulate on internet investing blogs via promotional emails Fraudsters are more likely to use smaller, lesser-known companies for this scheme because it’s easier to manipulate a stock when there’s little or no information available about the company Off-shore investing The internet has eroded barriers that once made it difficult for overseas fraudsters to prey on U.S. residents. Conflicting time zones, the cost of international telephone calls and differing currencies are no longer obstacles — and international wire transfers can occur instantaneously. Phone calls are a common method of communication for the perpetrators, enabling real-time wire transfers to be made before victims have time to do any research Investment opportunities originating in a country that is outside the jurisdiction of local U.S. law enforcement agencies. Ask for legal documentation stating where the funds are registered Prime bank Used in an official capacity, this term describes the top 50 or so banks in the world. Real prime banks often trade high-quality, low-risk investments such as bonds. Fraudsters often claim investors’ funds will be used to purchase “prime bank” investments that they claim will generate significant gains The term “prime bank” is often used by perpetrators looking to lend legitimacy to their scheme, whereas real prime banks don’t often use the term as they can rely on name recognition alone Bulletin boards and newsletter Investment boards have gone the way of online blogs, where nearly anyone can offer an opinion no matter how qualified they are — or aren’t. While there may be some valid posts by financial experts, perpetrators often use boards to plant fake “insider” tips meant to drive stock prices up or down. Know that company employees can also use blogs to spread promotional information, and it’s not illegal for companies to use employees to write online newsletters to promote their stock Federal laws require that disclosures with legally required details about their offerings are located at the bottom of documents on company-generated information. Fraudulent newsletters are unlikely to provide such language PHISHING: EMAIL, TEXT OR PHONE FRAUD Phishing scams are when a scammer sends a fraudulent message designed to trick you into giving them sensitive or financial information. Phishing scams can come in several different forms: email, text or phone calls. Kind of investment fraud What is it Red flags to watch for Email fraud Emails that are sent from unusual or look-alike email addresses or domains Suspicious links Spelling or grammatical errors A sense of urgency to act immediately If you think an email might be fraudulent, delete it and contact the company directly Roll over links with your mouse to display the URL. If the URL looks suspicious, do not click on it Visit the company website to check for suspicious account activity Text message phishing Urgent or threatening messages Suspicious links that do not appear to come from the company sending the text If in doubt, do not respond Do not click on suspicious links Visit the company website directly to check for unauthorized or unusual account activity Phone phishing Requests for personal information Remote access requests Let calls from unfamiliar numbers go to voicemail Block phone numbers on your mobile device if they call repeatedly for a fake business reason Be cautious of links sent to you even if the caller seems like they are from a well-known company. Visit the company website directly REPORTING FRAUD HOW TO REPORT EMAIL FRAUD If you suspect you’ve received a fraudulent email, please: * Forward it to us immediately at: anti.fraud@ampf.com. * Do not remove the original subject line or change the email in any way when forwarding. * Watch for an auto-generated reply to let you know we’ve received your email. If we confirm the email is fraudulent, we will take appropriate action immediately. HOW TO REPORT OTHER TYPES OF FRAUD If you suspect unauthorized activity on your account, call us immediately. * Call 800.862.7919 and request to speak to a representative. * Mon-Fri 7:00 a.m. CT - 9:00 p.m. CT * Sat-Sun 7:00 a.m. CT - 7:00 p.m. CT RELATED INFORMATION HOW TO SPOT PHISHING SCAMS Phishing attacks are phony communications designed to trick a person into giving a scammer sensitive or financial information. Find out how you can better protect yourself. RESOURCES FOR SENIOR CITIZENS AND VULNERABLE ADULTS Learn how Ameriprise Financial protects and supports senior investors and vulnerable adults. AMERIPRISE ONLINE SECURITY GUARANTEE Your online security is a top priority. Through our Online Security Guarantee, we are committed to safeguarding your accounts and your confidence in us. OUR ADVISORS CARE ABOUT WHAT MATTERS MOST TO YOU. Find an Advisor by ZIP Code Search Find my location Or, request an appointment online to speak with an advisor. Background and qualification information is available at FINRA's BrokerCheck website. Investment products are not insured by the FDIC, NCUA or any federal agency, and are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value. Ameriprise Financial Services, LLC. Member FINRA and SIPC. Back to topTop