Published: 8 May 2018
The man asks the students for cash for various reasons, such as to invest in bitcoin or to pay bills. He assures them that the money will be paid back. Sometimes this man also says he will transfer the money back to the student immediately and shows them a screen shot of a bank transfer, however this is fake. He also shows students his license or passport details so that they trust him.
Students are strongly advised not to lend money to anyone they don't know.
Anyone can fall victim to a scam, so the best way to protect yourself is through awareness and education. Most scams go through three stages: (1) approach; (2) communication; and (3) payment. Understanding the basic parts of a scam will help you to be on guard against scams. Unfortunately, some scammers are targeting International Students and as scammers are getting smarter and moving into new technologies it is getting difficulty to spot scams.