Cyber Criminal

Sometimes with all the options available getting to what you need can be quite a task Especially when it comes to finding out what benefits you are eligible for. In this article we will look at some of the most common types of employment insurance benefits and how you qualify. We will also look at types of behavior that can cause you not to be able to claim your full benefits.

Unemployment insurance exists to help the unemployed meet their financial obligations and purchase goods and services. Everyone who has accumulated enough wage credits in their current job is eligible for unemployment insurance. What you receive is calculated based on your earnings. Usually the last 4 or 5 wages quarters is looked at to help determine the amount.

To qualify for unemployment insurance benefits you must be able to work, willing to work, and actively seeking work. Your employer must approve your earnings. If there is a discrepancy in the amount you claim versus the amount the employer states you earned, it is their responsibility to prove it.

The amount of time you can claim unemployment insurance can vary according to the state you live in. There is the possibility of extended benefit as well. Sometimes, in times or in areas of high unemployment, the state and local government will allow for an extension of unemployment insurance benefit to be issued. However, if you were discharged from your previous position for misconduct or left though your own accord, you may have difficulty in qualifying.

Unemployment insurance is designed to keep people in their current lifestyles and protect the local economy. Just because you are out of work, does not automatically mean you will be eligible. You need to have enough wage credits and clear of misconduct. Finding out what you are entitled to can be complicated however, in the end it is worth it. another job.

The advantages to having unemployment insurance is to help unemployed workers meet their financial obligations and to help sustain local communities. If a larger portion of a workforce is laid off or fired small towns and communities suffer also. Not only does regular wages pay bills and mortgages they also purchase goods and services. When wages paid to the workforce suddenly stop the local economy can suffer. You are allowed to spend the money from unemployment insurance on what you choose. There are no rules forcing you to pay your essentials first. This helps some of the money to reach the local economy.

Unemployment insurance or compensation is calculated by your previous earnings. It is not based on your needs. Different states apply different formulas but your unemployment insurance will be in line with your previous income.

There are some disadvantages to unemployment insurance. Sometimes you have to make a judgment decision on accepting a new job. You can accept a new job for less money. As soon as you accept the new job your unemployment benefits stop. However, if you do not accept the new job you will be putting yourself at risk. Unemployment can only be claimed for a limited period of time. Depending on where you live it could be 6 months to a year. So as you can see you could be risking a future income.

Read more

Recognizing The Signs of Fraud

Financial scams have been on the rise around the world, and unfortunately, have been rising in sophistication. Fraud was introduced to the Internet most notably by the Nigeria 411 scams, i.e. advance fee fraud. That was then, this is now.

Scammers today are using worldwide access to the Internet to their advantage. Accounts such as webhosting a new website, bank and credit accounts can now be easily opened on the Internet, from any location. Having some false identification gives the scammer the upper hand here, as he has essentially created an alias with little, if any, traceable information.

The False Website Approach

Many financial scams are taking the form of the classic advance fee fraud, but with a higher level of sophistication and tactics. Websites are often created with templates or a design is stolen from another reputable and legal investment company. Once the site is complete, the criminal has created what appears to be a legitimate website and company. The headquarters for these fictitious firms are often located in the United States, so the website claims. These sites are mearly a tool for fraud.

How to distinguish a real investment website from a fraudulent one? Search Google and Yahoo for the company to determine if there are other sites referencing the firm. Check the site itself to see if the firm has contact information. A website without an address or phone number is a red flag for potential fraud or scam. Search phone directories for the firm’s telephone number. Lastly, check with the SEC’s website for signs on how to recognize these investment scams, and to verify registration of the firm.

Knowing the Signs of Fraud

Although the level of sophistication in these scams continues to rise, an educated consumer can know the difference. Scammers today always contact their victims with an offer - the potential victim has been selected. The firm representative may speak perfect English, and even understand investments and asset management. He may even request you submit an IRS form and other documents. Bottom line, this person will request personal data and/or payment promptly and without ever meeting you. Be skeptical and ask for the firms’ references and SEC filing.

Getting Verification

If you’ve searched the Internet for references, checked local phone listings, maybe even contacted the SEC for verification, and spoke with company representatives and claimed references - and you’re still not sure? Contact a professional investigation company, like Wymoo International or Philippine PI for help. Get the facts on who your dealing with - then decide.

All the Best,

S. Birch

Read more