A common ploy of investment scammers is to encourage a mark to use money concealed from tax authorities.
The mark cannot go to the authorities without revealing that he has committed tax fraud.
This list of confidence tricks and scams should not be considered complete, but covers the most common examples.
Confidence tricks and scams are difficult to classify, because they change often and often contain elements of more than one type.
A wide variety of reasons can be offered for the trickster's lack of cash, but rather than just borrow the money from the victim (advance fee fraud), the con-man normally declares that he has checks which the victim can cash on his behalf and remit the money via a non-reversible transfer service to help facilitate the trip (check fraud).
Many con men employ extra tricks to keep the victim from going to the police.For example, the scammer may claim to have been arrested and require money wired, or gift cards purchased for bail, and asks the victim not to tell the grandchild's parents, as they would "only get upset." The call is fraudulent impersonation, the name of the grandchild typically obtained from social media postings as well as obituaries listed either in newspapers or from a funeral home's website.Any money wired out of the country is gone forever.These cheques are altered to reflect the mark's name, and the mark is then asked to cash them and transfer all but a percentage of the funds (his commission) to the con artist.The cheques are often completely genuine, except that the "pay to" information has been expertly changed.