The Global Sweepstakes Scam is a deceptive scheme that lures individuals with promises of large cash prizes or luxury items. Victims often receive unsolicited emails or phone calls claiming they have won a contest they never entered. To claim their supposed winnings, they are asked to provide personal information or pay fees, leading to financial loss and identity theft. Awareness of the Global Sweepstakes Scam is crucial, as it preys on people's hopes and dreams, exploiting their trust for fraudulent gain. Always verify the legitimacy of any sweepstakes before engaging or providing personal details.