A scam can be defined as any fraud or any scheme which takes away the money or any goods from an unknown person. As there is more usage of the Internet nowadays and technologies are also upgrading, online scams have increased rapidly. The person who is responsible for the scam is known as scammer. It is very important for people to be more cautious about these scams. Some of the scams are: catfish, auction fraud, threat scam etc.
Also read - what is profit?
A scam is a dishonest plan that's meant to fool someone.It is a false reality dressed up to look like a real business plan or investment idea.Most of scammers never get caught as they give fake addresses and name.So its tough to trace their real identity or for the legal system to catch and prove them guilty .Scams are always designed to make money for their creators.This can happen in person or through social media like work from home frauds where they take registration charges but never give any job,matrimonial frauds,online shopping frauds etc.
