Today, there are many types of financial frauds that are happening around the world. If you are aware of these frauds then you can certainly save yourself from being a victim and losing money. To help you in safeguarding your money, we have listed 5 types of financial frauds so that you can be alert about them. For detail information you can contact Sanjay Choudhary at koda consultancy. Here are more details. Pyramid Schemes – These are more like MLM programs where you have to add refer people to invest in a particular scheme. This way, you get return. There are some companies that sell a product this way but these products are a way to hide the pyramid structure. Ponzi Schemes – These are investment schemes that make unrealistic promises of exceptional high return. You may get some returns initially but soon the company runs away with your money. The new investments are used to pay the old investors and once the company has a pool of investments, they run away. Identity Fraud – Someone may impersonate as you and by this, they can start using your identity and personal information to steal information. There are cases when scammersobtained loans and credit cards on the basis of this personal information but the payment had to be made by the person whose identity had been stolen. Phishing – You may get emails or links which can steal your login details, card details, and other such information. In this process, the scammer deploys a fake website that looks like a real website. With this, they are able to get your personal information. Always look for https certificate before submitting any details. Card Scams–Another common scam is the card scam where the money is taken off from your bank card. The stolen cards should be blocked immediately and there are cases when cards may be cloned in order to extract money out of the user. You really need to be careful while using your card. If you have been a victim of these frauds and if you need some professional help then you can reach out to Sanjay Choudhary who is a well-known financial advisor in Dubai. He is associated with Koda Financial Consultancy and he provides all kinds of financial advisory services to you. He can also help you in presenting your case in court which helps you in gaining back your money. For more information, please contact Sanjay Choudhary and Koda Associates.