How to Report a Scam in Mexico

Reporting a scam is crucial. At the moment, only 7% of all scams are reported. As a result, only 0.05% of all cybercriminals are caught. Reporting online fraud is not only essential if you want to try and get your money back. It is also needed to help law enforcement fight scammers better.

• Gather info: Collect all information about the suspected fraud including the name, telephone, key web pages, emails, IP address, and any other information relevant. This is needed to file a complete report.
• Report the incident: Always report to your local law enforcement and note the file number they might provide for your fraud report for future reference.
• Stop the Money: Report the incident to the financial institution that transferred the money such as your bank, Paypal, credit card company, or the Internet payment service provider.
• Protect yourself: Scammers often contact you again. Sometimes with the same scam. Sometimes to help you “recover your money”. Consider changing your email address/phone number. Also, install the ScamAdviser browser extension to warn you of scams.

 Our article “How and Where to Report a Scam” gives you more detail and tips on how you can best report online fraud.

Scam Victim Support in Mexico

The Victims’ Movement in Mexico– Though they majorly focus on victims of organized crime and government corruption, you can reach out to them for assistance and advice.

How to Check for a Scam in Mexico

Of course, you can always check for scams on ScamAdviser.com. However, there are several other sources where you can check if a website is registered as a company and if it can offer financial, gambling, or other regulated services as well.

• National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF)– You can check investment scams here as they are a government agency that protects consumers of financial services.
• BBB of Mexico– Just like in the US and Canada, you can head to the Better Business Bureau of Mexico to check the legitimacy of a business.
• Mexican Securities and Banking Commission (CNBV)– You can also check for banking and other financial-related scams here.

Anti-Scam Organizations & Consumer Authorities

• The Mexican Internet Association (AIMX)–  They raise consumer and 
  company awareness concerning cybersecurity, as well as pushing for better legislation

Popular Scams in Mexico

Loan app scams

These frauds often use fake lending apps that promise quick, simple loans with cheap interest rates but are really just there to steal customers’ financial and personal information.

These loan application scammers frequently demand upfront payments or fees under the guise of processing the loan application. Additionally, they might demand access to the user’s bank account or delicate personal data.

When the victim is unable to return the loan—which is frequently for less than what was requested—the lender calls and texts her, making threats that vary from saying they would post altered images of Mara as a thief to raping and killing her family.

It is crucial to conduct extensive due diligence on the lender and carefully study their terms and conditions before committing to any loans if you want to safeguard yourself from loan application scams in Mexico. Additionally, you need to exercise caution whenever a lender asks for money in advance or access to your financial data, and you should never provide them with any private information.

Scam News From Mexico

• Serial Fraudster Previously Extradited from Mexico Pleads Guilty to Multiple Investment Fraud Schemes
• Mexico City’s lucrative real estate scams