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The Fidelity ATM Scam

 

There is no doubt that we live in a world that is filled with business scams.

One of the most well known business scams which has happened recently is the fidelity ATM scam. Here, we will take a much closer look at this scam.

Read on to find out more.

During the end of 2006, Fidelity ATM Inc., otherwise recognized as Fidelity Bank Card, was involved in a scam.

It began as a business opportunity, which had tons of business consumers interested. The company made a claim that people who purchased one of their ATM machines would earn a certain amount of money after the locations for these machines were secured.

The amount of money that each purchaser would make was a lot higher than on average- one quarter of every dollar.

Unfortunately, this turned out to be nothing more than a Fidelity ATM scam. In fact, in November of 2006, a noticed was filed by

Fidelity to say that it had ceased all of its ongoing business. It left the people who purchased these ATM's out of million dollars, altogether.

It is to the point that the owner did not even have his real name put on paper.

On paper, his name reads Adam L.. Steinberg, when in reality his name is Andrew B. Steinberg.

He did not have any type of experience with business, nor much money saved up. He also has a huge criminal history.

As you can see, there is no doubt that Fidelity ATM scam is one which you are probably glad that you have avoided.

In order to keep yourself from avoiding future business scams, you should make sure that you learn all that there is to know about a specific company or business opportunity before you decide to commit to it.

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