The brass ring scam7 of 8How it works: You're walking through a scenic tourist area and a person suddenly stops and finds a gold ring. The person says, "You must have lost this." When you say no, he's studying the ring and determines that it's valuable.The person tells you that you can have it and maybe sell it in the U.S. for a lot of money, but he needs money today to feed his family."The ring is actually brass and worthless," Orwoll says.Where it happens: Paris, but there are variations seen throughout the world.What you can do: Realize there are no gold rings lining the streets of Paris. If a deal seems too good to be true, it usually is. Related Articles:Quick vacation savingsOff-season travel savesCheap U.S. travelTake time to volunteerRelated Links:15 smart traveling tipsCondo deals have risksWinter car readinessWays to score hotel deals advertisement
How it works: You're walking through a scenic tourist area and a person suddenly stops and finds a gold ring. The person says, "You must have lost this." When you say no, he's studying the ring and determines that it's valuable.
The person tells you that you can have it and maybe sell it in the U.S. for a lot of money, but he needs money today to feed his family.
"The ring is actually brass and worthless," Orwoll says.
Where it happens: Paris, but there are variations seen throughout the world.
What you can do: Realize there are no gold rings lining the streets of Paris. If a deal seems too good to be true, it usually is.
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