May 34 min read

PROJECT: PROTECTING YOUNG TEENS FROM FINANCIAL SCAMS

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Young teenagers are often targeted by scammers who try to exploit their inexperience and desire to help others.

One common scam involves asking to use your bank account to receive money, with the promise of a reward. However, this is a ploy to launder stolen funds and can leave you in serious legal trouble.

THE SCAM EXPLAINED:

Here is how the scam typically works:

A scammer, often someone in jail, will contact you and claim they need to receive money but cannot use their own account.
They may say it is for a good cause, like helping a sick relative.
The scammer will ask you to provide your bank account details so they can transfer the money to you.
They may even offer to send you a cut of the funds as a "thank you."
Once you provide your information, the scammer will use your account to deposit stolen or fraudulent money.
This is a form of money laundering, and you can be held legally responsible.
The scammer may also ask you not to mention their name, as they are not allowed to have a phone in jail.
This is a red flag that the situation is not legitimate.

THE DANGERS:

Allowing someone to use your bank account, even temporarily, can have serious consequences:

You could be charged with money laundering, which can result in fines and even jail time.
Your bank account may be frozen, making it difficult to access your own money.
Your credit score could be damaged, making it harder to get loans, credit cards, or even a job in the future.

SAFETY MEASURES AGAINST THESE SCAMS:

To avoid falling victim to this scam, remember the following:

Never share your bank account details or other personal financial information with anyone you do not know and trust.
Be wary of any requests to use your account to receive or transfer money, even if the person claims it is for a good cause.
If someone asks you not to mention their name, it is a clear sign that the situation is not legitimate.
If you are unsure, talk to a trusted adult, such as a parent or teacher, before taking any action.
Remember, your financial security and future are too important to risk.
Stay vigilant, and do not let scammers take advantage of you.

With technology increasing and social media becoming more active, cybercriminals are bound to increase in capacity and ability.

Therefore, we urge the public to be more proactive and to make smarter choices when engaging strangers online.

Specialised Security Services invites the public to the Mike Bolhuis Daily Projects WhatsApp Group. This group is important in delivering insights into the latest crime trends, awareness, warnings and the exposure of criminals.

HOW TO JOIN THE MIKE BOLHUIS DAILY PROJECTS WHATSAPP GROUP:

• Follow the link to our WhatsApp group:

• https://mikebh.link/VBpBQx

• "JOIN" to ensure you never miss our daily updates.

• You will receive automatic notifications as soon as a new project is posted.

CONTACT MR MIKE BOLHUIS FOR SAFETY AND SECURITY MEASURES, PROTECTION, OR AN INVESTIGATION IF NEEDED.

ALL INFORMATION RECEIVED WILL BE TREATED IN THE STRICTEST CONFIDENTIALITY AND EVERY IDENTITY WILL BE PROTECTED.

Regards,

Mike Bolhuis

Specialist Investigators into

Serious Violent, Serious Economic Crimes & Serious Cybercrimes

PSIRA Reg. 1590364/421949

Mobile: +27 82 447 6116

E-mail: mike@mikebolhuis.co.za

Fax: 086 585 4924

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EXTREMELY IMPORTANT: All potential clients need to be aware that owing to the nature of our work as specialist investigators there are people who have been caught on the wrong side of the law - who are trying to discredit me - Mike Bolhuis and my organisation Specialised Security Services - to get themselves off the hook. This retaliation happens on social media and creates doubt about our integrity and ability. Doubt created on social media platforms is both unwarranted and untrue. We strongly recommend that you make up your minds concerning me and our organisation only after considering all the factual information - to the exclusion of hearsay and assumptions. Furthermore, you are welcome to address your concerns directly with me should you still be unsatisfied with your conclusions. While the internet provides a lot of valuable information, it is also a platform that distributes a lot of false information. The distribution of false information, fake news, slander and hate speech constitutes a crime that can be prosecuted by law. Your own research discretion and discernment are imperative when choosing what and what not to believe.

STANDARD RULES APPLY: Upon appointment, we require a formal mandate with detailed instructions. Please take note that should you not make use of our services – you may not under any circumstance use my name or the name of my organisation as a means to achieve whatever end.

POPI ACT 4 of 2013 South Africa: Mike Bolhuis' "Specialised Security Services" falls under Section 6 of the act. Read more here:

https://mikebh.link/fntdpv