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The Lenco Blog - Page 12 Of 116 - Banking And Expense Management Built For Businesses

The Lenco Blog

Follow the Lenco blog for product update, business guides and post about banking

How To Spot a Fake Transfer

Fake transfer scams involve scammers posing as legitimate individuals or businesses and convincing their targets that they have received a payment or transfer. The scammers typically ask the victims to send a portion of the money back or to another account, providing a plausible explanation for why the full amount cannot be kept.