While many cons exploit peoples’ desire for wealth, this one relies on a person’s sense of duty. Most countries have strict laws regarding tax fraud. Let’s take tax evasion as an example. This is a crime in which a party deliberately lies or obfuscates their financial state to avoid paying taxes. The state regards these crimes as serious and prosecutes their perpetrators.
How does Tax Fraud Scam Work?
Normally, it would come as a great shock to law-abiding citizens that they are charged with tax evasion. This is the very thing scammers count on. They would contact a person informing them that there’s an investigation against them for crimes of tax fraud. As such news is very stressful it disables victims to think clearly. As a result, they sink deeper into the scheme while trying to prove their innocence.
Furthermore, the con people may employ a series of dirty tactics in order to create a believable illusion. The target might receive additional planted calls from other scammers presenting as police or state officers. They could also see falsified evidence and forged documents. The fraudsters will try to build tension and paint the situation as dire as possible. They go to such extremes as frightening the victim with threats of freezing their assets, property confiscation, and even jail sentence.
After torturing the target long enough they present a ray of hope – the predicament might have a solution after all. All the victim needs to do is pay a specific sum of money. If the scam goes long enough, people end up believing the false severity of their situation. So they accept the terms and make a payment.
Besides extorting money, the goal of the fraud might also be personal info collection. A scammer might ask a series of questions, to which the confused target gladly answers. The con person ends up taking all the necessary data for identity theft. Afterward, the fraud continues incurring more debt and problems to the unsuspecting victim.
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Vishing
Tax fraud scams are almost universally performed through vishing, which is a portmanteau of voice and phishing. What it implies is that a scammer phones the victim and they take on a fake identity. In this type of fraud, they present themselves as a tax officer or even a prosecutor. To complicate things further, they might temper with caller ID that it seems like an official number.
These types of calls practice social engineering and manipulation techniques to rope the target into the scam. In a direct conversation with the fake authority figure, people are more likely to believe the con.
What Can You Do in Case of Tax Fraud Scam?
We understand that these types of fraud can be an extremely stressful experience. More often than not the target feels exhausted and it may seem everything is lost. We assure you that there is a way to remedy this type of ordeal. The Funds Recovery company offers a package of services specifically designed to battle tax fraud scams.
Take matters into your hands and make a first step towards recovering your stolen money. Contact us for a free consultation.