Fraud is an easy concept to grasp. It is any form of deception intending to result in personal gain.
Wire fraud is a specific subcategory of this criminal violation. In short, any scheme involving the phone or email qualifies. So does trickery involving other forms of electronic communication.
Thieves sometimes send emails that look as though they are from official corporations. They might say banking information is no longer accessible without a password refresh. By “helping” make a change, the imposter tech support person learns sensitive information. The villain then uses this data to take out a loan or transfer money into another account.
Another method phishers apply is getting recipients to click on links. Doing this causes the installation of malicious applications that send privileged info. Removing malware from a PC can be a complex and exhausting process.
Sometimes, scammers dial random numbers and present themselves as corporate representatives. They allege the detection of computer problems. Next, they direct the person on the other end to take compromising actions.
Other grifters state they wish to send a refund. Of course, sending that money is presumably only possible with direct account access.
Helping hand scams
With this trick, a caller claims to be a prince or other prominent individual in need of finances. The fraudster then requests temporary monetary relief in exchange for a reward. Newer versions of this deceit use fake websites to add credibility.
Being accused of committing wire fraud is a frightening situation. Establishing a solid defense is easier if you understand the specific accusation.