Trade Frauds

In Tamil, there is a saying that as long as there is one to get cheated, there will be people who continue to take them for a ride.  These days, I am hearing lot of incidents of people being taken for a ride.  Earlier, we used to get such incidents from poor countries of the world whereas now cheaters are from rich countries as well.  I am yet to understand this pattern but things are on the rise.  In this post, I am examining the issue and what to do in case one is defrauded!