This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ho Ho Hold On Before Sending Money To People You Haven’t Met

The perfect puppy for a spouse, a car priced just right for your teenager. Sales and special offers typically increase during the holidays, and scammers are also poised to try to steal people’s hard-earned cash. Western Union and Better Business Bureau are equipping consumers with important tips to avoid falling for a scammer’s tricks when shopping for holiday gifts.

“Scam artists prey on consumers’ desire to make loved ones happy with special gifts during the holidays. They use this impulse to overcome the victim's reasoning, telling the victim that he or she must act quickly,” said Carrie Hurt, President and CEO of the Council of Better Business Bureaus. “Scam artists often sound so convincing that victims don't feel the need to check out their real qualifications. It’s always best to deal with established organizations. Rescue a puppy from a caring shelter or buy that car from a legitimate dealer.”

What else can consumers do? Visit BBB Scam Stopper, a site launched by Western Union and BBB to help consumers reduce their chances of becoming a victim of a scam. Western Union and BBB also remind consumers never to send a money transfer to an individual you have not met in person.

“Money transfer is a great way to send money quickly and conveniently to friends and loved ones,” said Shelley Bernhardt, Director of Consumer Protection at Western Union. “However, it is not intended for use when doing business with someone you have not met face-to-face.”

It is particularly important to use caution when bidding on items using an online auction. Buyers are told the seller only accepts money transfers for payment. The “seller” tells the buyer to put the transaction in a fictitious name, falsely convincing the victim this protects their money until the goods or services are received. The “seller” retrieves the funds and the merchandise never arrives.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,982.59 +22.02 0.13%
S&P 500 1,978.91 +0.57 0.03%
NASDAQ 4,444.9090 -4.6550 -0.10%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs