PRIZE AND

LOTTERY
FRAUDS
SIGNS OF SCAMS
SIGNS OF SCAMS
 SIGNS OF SCAMS

 Pay First to get your prize

 As you pay your chances of Winning increases

 Give your financial information

 Give you for what you have not purchased or

applied
 The Commonly use Familiar Name with Prize

 Big Items in Prize

 TRICKS OF SCAMMERS

 Scammers say they’re from the government

when they’re not
 Scammers use names of organizations you
might recognize
 Scammers send you a message (via text, email,
or social media) to get your personal
information.
 TRICKS OF SCAMMERS

 Scammers make it seem like you’re the only

person who won a prize. But the same text,
email, or letter went to lots of people
 Scammers say you’ve won a foreign lottery, or
that you can buy tickets for one
 Scammers pressure you to act now to get a
prize. Scammers want you to hurry up and pay
or give them information
 Scammers send you a check and ask you to send
some of the money back
 REAL CONTESTS AND PRIZES

 Real sweepstakes are free and by chance

 Contest promoters might sell your information

to advertisers
 Contest promoters have to tell you certain
things
 Sweepstakes mailings must say you don’t have
to pay to participate
USE OF BRANDS
USE OF BRANDS
 HOW TO OVERCOME
Mode of Payment
Credit Card / Debit Card/ Gift Card /
Unauthorised Transfer from Your Bank
Wire Transfer with your Bank
Wire Transfer Like Western Union/ Money Gram
Action
Immediately contact to the Banking Company/ Financial
Institution who has issued you the Card and also informed
to Block your card if you have provided your information
such as CVV/OTP.
Also immediately contact to the intermediary of Cards such
as Paypal/ Visa/ Master Card/ Maestro Card/American
Express
Give application to Bank to transfer your money back from
account in which such unauthorised transfer happens and
freeze the account for further unauthorised Transfer.
Contact your Bank regarding unauthorised transaction. Ask
them to reverse such transaction immediately before
utilisation of money.
Contact to Wire transfer company and request them to give
back your money.
 HOW TO OVERCOME
Mode of Payment Action
Sending money through Transferring App -Such as Google Contact to such application for the transfer of such money
Pay/ Paytm/ Phone Pay/ WhatsApp Pay from your wallet and report such unauthorised transfer of
money. Request them for cancellation of the transaction
immediately and freezing your wallet time being.

Payment in Cash If you paid cash, you must have such source of payment.
Must be withdrawal from your bank or from your books of
accounts. Details must be provided for the person to whom
you handover the cash. Such person details should be in your
complaint and you must have identification details for such
person.
Third Party Transfer If you have paid to third party on the instruction of scammer.
you must have details for the third-party transaction and
mode of payment.
Payment in Crypto Currency As it is not a valid currency in India you must report such
mode in your complaint and must give the details about the
transaction and must gone through legal compliance. Also
report to the company with whom you have dealt for crypto
currency transfer.
 HOW TO REPORT A FRAUD

 Contact Your Bank. As per RBI regulations Illegal

transaction if reported immediately bank will pay
back the lost amount if bank finds there is no fault
with the account holder.
 File a Fraud or Police Report.
 Block your current account and move your money
to Your New Account or Card.
 Monitor Your Account and Credit Closely.