In this video, you will learn about wire fraud and how to avoid falling for them. #wirefraud #scam#wallstreetmojo #scammers #fraud Chapters: 00:00 – Introduction 00:47 – What is wire fraud? 01:36 – When is a person convicted of wire fraud? 02:25 – Laws on wire fraud 03:04 – Examples 03:49 – How to avoid falling for such scams? 04:45 – Conclusion What is wire fraud? Wire fraud is a federal crime in which a person uses electronic communication to defraud another person. Electronic communication includes phone calls, emails, chat rooms, faxes, etc. The fraudster uses deceptive techniques to gain unlawful and undue benefits from innocent people. (Explained in detail in the video) When is a person convicted of wire fraud? If a fraudster contacts another person, lures them into giving them some money or property and then runs away with it, they will be held liable for wire fraud. But …
