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  • Geebo 8:00 am on May 16, 2023 Permalink | Reply
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    Scam Round Up: A new stolen car scam and more 

    Scam Round Up: A new stolen car scam and more

    By Greg Collier

    This week, in the Round Up, we’ll be reviewing two scams we’ve discussed before and a new one that took even us by surprise.

    Today’s first scam is one that we thought we’d see more of, but that could just mean that victims aren’t coming forward. Anyway, the voice spoofing scam has found its way to another family, this time in Tacoma, Washington. The scammers spoofed the voice of the family’s 16-year-old daughter and said that she had been in a car wreck and needed $10,000. Scammers only need a few seconds of someone’s voice to be able to generate that person’s voice using AI technology.

    This voice spoofing technology has been used in the grandparent scam, as shown above, and the virtual kidnapping scam. Even if your ears are trying to convince you that you’re talking to a loved one, always verify their story. Try to use another device to contact that person. Or have a code phrase set up beforehand with your family in case of an actual emergency.

    The second scam for today seems like it’s popping up more often lately, if the news is any indication. More homeowners have been receiving concerning letters in the mail that many think are coming from their mortgage company. In reality, the letters are from someone trying to sell a home warranty policy. However, the Better Business Bureau notes that the fine print should tell you all you need to know about the letter. In some instances, the letter says something similar to, “Not all consumers have previous coverage. We are not affiliated with your current mortgage.”

    If you have any questions or concerns about your mortgage or current home warranty, call those companies directly. Do not use any contact information contained in the letter.

    Lastly, it seems we’ve seen a number of car scams emerge, and this may be one of the most heinous. Selling a stolen car online is nothing new. It’s the buyers who pay the price once they find out that the car is stolen when they’re notified by either the DMV or the police. More recently, car scammers are taking the Vehicle Identification Number (VIN) of a car of a similar make and model, and using it on the stolen car.

    This way, when a buyer may run a vehicle history report, it will come back with the history of a car that hasn’t been stolen.

    However, this isn’t a perfect scam for the scammers. A buyer would need to look out for any discrepancies between the vehicle history and what the seller is telling you. If there are any discrepancies, or there’s an issue with any paperwork, the buyer should walk away.

     

  • Geebo 8:00 am on May 15, 2023 Permalink | Reply
    Tags: consumer alert, house flipping, houses for cash, , we buy houses   

    Why you shouldn’t sell a home to house flippers 

    By Greg Collier

    Have you ever seen a billboard that advertises a company that will buy any home? Many of those advertisements belong to one company who has over 1000 franchises in the US. You may have even had to use their services. For example, say a family member passed on, and their house was left to you. The house had already fallen into a state of disrepair, and would cost too much money before you could even consider selling it. That’s where these house flipping companies come in. They promise to make the selling process quick and easy while paying you a fair price. However, the company might believe that promises were made to be broken.

    According to a recent report from ProPublica, the biggest of these house flipping companies has allegedly engaged in some shady business practices. ProPublica says that this company operates under the secret mantra of ‘find the pain’. The company accused of taking advantage of homeowners who may be suffering from mental declines, among other underhanded tactics to get homeowners to sign on the dotted line. And when some homeowners have changed their mind about the sale, they get sued by the company. While the company is not an outright scam, you may want to explore other options when trying to sell a home quickly.

    When selling such a property, be realistic about the value of your home. Price it too high, and you might turn off potential buyers. Price it too low, and you might not get the full value of the property. Consider getting a professional appraisal or consulting a real estate agent to determine the appropriate price.

    Also, consider being flexible with the closing date or accepting offers with contingencies, such as a home inspection or appraisal. This can make the sale process smoother and increase the likelihood of a quick sale.

    https://youtu.be/qfIB-i9Uf6o
     

  • Geebo 9:13 am on May 12, 2023 Permalink | Reply
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    $2.3 million lost to romance scam 

    $2.3 million lost to romance scam

    By Greg Collier

    The romance scam is when criminals create fake online profiles to gain the trust of their victims, usually with the intention of deceiving them out of money or personal information. The scammer will often build a relationship with the victim over time, using flattery, emotional manipulation, and even fake photos and identities to gain their trust. Once the scammer has established a relationship with the victim, they will typically request money or personal information, such as bank account or credit card details. Romance scams can be particularly devastating because victims may feel embarrassed or ashamed, and may not report the crime to authorities.

    There’s even a more specific version of the romance scam that is known as the ‘pig butchering’ scam in certain circles. It’s called that because the victims are seen as the pigs that the scammers ‘raise’ before leading them to the financial slaughterhouse. In that scam, after the scammer has gained the victim’s confidence, they’ll advise the victim to invest in cryptocurrency.

    The victim is directed to a cryptocurrency exchange operated by the scammers. The victim is asked to pay the exchange for their investment, and is later informed that their investment has generated a significant return. However, when the victim attempts to withdraw their money, the exchange informs them that they need to pay additional fees to access their returns. This cycle may persist until the victim runs out of funds or becomes aware that they are being deceived.

    We often say it doesn’t matter what your education level or socioeconomic status is. Everyone has a scam with their name on it. There are so many scams affecting people today and so many new ones being created that anybody can fall for one scam or another.

    That’s what happened to a wealthy woman from Southern California. She met a man through a dating platform that only caters to the rich. Users of the platform have to verify their identity by submitting their driver’s license along with their tax return. As secure as that sounds, that didn’t stop from romance scammers from accessing the platform.

    The scammer posed as a successful businessman from New York. It didn’t take the scammer long to convince his victim to invest in cryptocurrency. She was directed to a fake cryptocurrency platform where she thought she was getting substantial returns on her investment. Except her investments were being pocketed by her supposed new beau. Before it was all over, she had invested $2.3 million.

    The victim realized there were red flags after she realized she had been scammed. The man she thought was her boyfriend would never video chat with her and would only chat through a messaging app. A reverse image search uncovered that the picture the scammer sent her was stolen from an actual New York businessman.

    To protect yourself from this type of scam, it’s important to avoid individuals who offer to help you earn money through cryptocurrency, particularly if you have not met them in person. Cryptocurrency markets can be extremely volatile, which means even legitimate investments can quickly turn into losses. Furthermore, scammers and cybercriminals often prefer cryptocurrency as a payment method.

    It’s worth noting that despite having a distinct name, this scam is ultimately a variation of a romance scam. If you develop an online relationship with someone who starts requesting money, it’s highly probable that they are a scammer. If the person has shared photos with you, consider conducting a reverse image search to see if these photos have been used elsewhere on the internet. Romance scammers frequently use other people’s photos to construct fake identities.

     

  • Geebo 8:00 am on May 11, 2023 Permalink | Reply
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    Never hand over your phone for candy 

    Never hand over your phone for candy

    By Greg Collier

    A woman from New York City thought she was being charitable when she handed her phone to a pair of teens who said they were selling candy. Like many of us, the woman said she had no cash on her. Also, the woman didn’t want any candy, but the teens said she could make a donation if she wanted to through payment apps Zelle or Venmo. The woman used Zelle on a regular basis and wanted to make a small donation.

    In order to send someone money on Zelle, you need to know their email address or phone number. The woman asked the teens for a phone number to send the money to, but the teens said they’ll enter the number on the woman’s phone for her. The phone was handed to the teens who entered the phone number on the Zelle app and the woman made a five dollar donation and thought nothing of it. That was until she went to the grocery store and discovered her bank account was empty. Before giving the woman back her phone, the teens sent $1800 from the woman’s account to the phone number they entered.

    There’s another variation of this scam we’ve discussed before. Typically, it involves the scammer claiming they’re in some kind of situation where they need to make a phone call, but their phone is dead. The scammers often claim their car has broken down, but there are other situations they use in this scam. Once the victim hands over the phone to the scammer, the scammer will open up one of the victim’s payment or banking apps and send the victim’s money to another account. The scam has often been called the Good Samaritan scam.

    Getting back to today’s scam, it turns out the whole incident was caught on the security camera footage at the coffee shop where the woman was approached. The victim thought she wouldn’t have any issue getting her money back from her bank since she had proof she was scammed. However, like with most victims who have been scammed through Zelle, Bank of America allegedly refused reimbursement, since to them, it appeared like the victim had authorized the transaction. Also, like many Zelle scam victims, B of A said they would reopen the investigation after the victim took her story to local media.

    To better protect yourself from a scam like this, try to avoid handing your phone over to strangers, and especially don’t hand them the phone while one of your financial apps is open. Please keep in mind that apps like Zelle and Venmo are only supposed to be used between family and friends. If your phone has a fingerprint reader, consider using that to secure your payment apps on your phone, or at least use a PIN.

     

  • Geebo 8:00 am on May 10, 2023 Permalink | Reply
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    Can scammers freeze your phone? 

    Can scammers freeze your phone?

    By Greg Collier

    Sometimes, the better story isn’t what’s in the headline, but what’s buried in the body. For example, take this story from Durango, Colorado. In it, a local coffee shop is targeted in a police impersonation scam that specific to small businesses. Scammers called the shop posing as police, and told one of the shop’s employees that one of their bank deposits was made with fraudulent bills. The employee was told the shop could be in trouble if someone didn’t make a $1500 payment.

    Thinking they were talking to the police, the employee took the $1500 and left the shop to arrange the payment through a money transfer service. The employee was sent a barcode that could be scanned at the point of transfer to send the money. However, sometime during the call, the scammers asked for the phone number of the shop owner, which the employee gave them.

    Another employee saw the first employee leave with the money and called the shop owner. The shop owner tried calling the employee who took the scammers call, but the call function from their phone had been disabled. Could the scammers have remotely disabled her phone just by having her phone number?

    Most of the attacks we’re aware of that can disable your phone, cannot be implemented almost instantaneously like that. In most cases, the user of the phone would need to accidentally download some kind of malware. Or, the scammers would need to do a SIM-swapping attack, which can’t be performed that quickly. So, was the shop owner’s phone attacked, or was their phone freezing just an unfortunate coincidence? Unfortunately, we can’t say for certain, but local police are examining the phone for answers.

    To better protect your phone from such attacks, it’s best to install an antivirus program and occasionally run scans on your phone for malware. As far as the business cam goes, keep in mind that actual police departments and law enforcement agencies will never call you asking for money. That’s not how the police or banks work. If you own a small business, you may want to share this story with your employees.

     

  • Geebo 8:00 am on May 9, 2023 Permalink | Reply
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    Scam targets families of college students 

    Scam targets families of college students

    By Greg Collier

    One of every parent’s worst fears is getting the late night phone call and hearing a police officer on the other side. Rarely, does that bring good news. Now imagine the call is coming from out of state where your child attends college. Of course, you want to do anything you can to help your child, but what can you do being so far away? That’s when the helpful police officer offers a solution that can be done online. Except, the solution is no solution at all. In fact, it’s an even bigger problem.

    That’s what’s currently happening to the parents of some college students across the country. Scammers are calling the parents of college students while impersonating campus police. Parents will see the phone number appear as their child’s college or university in their caller ID. The parents are then told the caller is with campus police and their child is in some kind of legal trouble. For example, a report from the University of Iowa said the scammers claimed the student had gotten into a fight and was currently being detained.

    As with most scams, the scammers will try to emotionally manipulate a payment out of their victim. The scammers will threaten to take the student to jail if payment isn’t made. Typically, scammers will ask for a payment that can be done over the phone. Another report from Texas A&M University states that scammers there were asking for payment over the mobile payment app Venmo. This is done because once a payment goes through on apps like this, it’s gone forever.

    Meanwhile, this is all going on while the student is completely unaware they’re being used as the bait in a scam.

    If this scam sounds familiar, it should. The scam borrows heavily from both the grandparent scam and the virtual kidnapping scam, with some police impersonation thrown in.

    If you receive a phone call like that about any family member or loved one, ask the callers for their information, such as name and badge number. Even if they give you the names of actual officers, don’t believe them until you verify their information. Hang up the call or use another device to contact the person who was supposedly arrested. You’ll more than likely find that person has not been arrested. Lastly, never send any money. Real law enforcement agencies will never ask for money over the phone.

     

  • Geebo 8:00 am on May 8, 2023 Permalink | Reply
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    This car scam could have police at your door 

    By Greg Collier

    When someone falls victim to a used car scam, the best-case scenario is they only lose their money. In some other instances, victims have been severely injured or worse. However, in at least one instance, police showed up at a victim’s home looking to arrest them.

    A man from Los Angeles makes his living buying cars, then flipping them for a profit. Recently, he bought a high-end car off Craigslist that he thought he got for a bargain. As a seasoned pro in the used car game, the man thought he had covered all of his bases. The seller’s driver’s license matched the name on the title, and the title appeared to be legitimate.

    The man was getting ready to take the car to an auction when not only did police show up at his home, but they had their guns drawn. As with most used car scams from Craigslist, the man had bought a stolen car and police assumed he stole it.

    It turned out, the person who stole the car did so from a car sharing platform called Turo. It’s like Airbnb, except for cars. People make money by renting out their car when they’re not using it.

    Thankfully, everything was cleared up, but the man who bought the car was out $32,000.

    When buying a used car from any online marketplace, there are some steps you should take to prevent being scammed. As with just about any scam, if the deal seems too good to be true, it probably is. Try to get the seller to meet you either at the DMV, the local police station, or AAA. According to the news report we saw, AAA can verify that the real owner of the car matches the name on the title. Use a vehicle history report service like CARFAX or AutoCheck to check the car’s history. And lastly, ask to see the seller’s identification and the car’s VIN before going to meet the seller. Scammers often don’t give up that information voluntarily.

     

  • Geebo 8:00 am on May 5, 2023 Permalink | Reply
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    Bank to scam victims: You have to prove it wasn’t you 

    Bank to scam victims: You have to prove it wasn't you

    By Greg Collier

    Previously, we told you about a scam that happens at ATMs. The way we were told about is scammers put glue in the card slot of ATMs. The bank customer would then use the tap to pay feature on the ATM. The tap feature on the ATM uses the RFID chip in the card to verify the transaction. If an ATM has an RFID reader placed near it, scammers would be able to steal the card’s details and duplicate the card.

    That is definitely one version of the scam. However, there’s an even simpler version of the scam. In this version, the scammer still puts glue in the ATM’s card slot. Except, instead of using an RFID reader, the scammer hangs around the ATM acting as a good Samaritan. When a customer tries to use the ATM, the scammer will tell the customer to use the tap feature. The problem with the tap feature on some ATMs is that it doesn’t automatically sign the customer out when the transaction is finished. This allows the scammer to use the ATM while the customer is still logged in. Of course, this has resulted in many having their bank accounts emptied.

    If you’ve been a frequent reader here, you won’t be surprised to learn that one of the nation’s leading banks is allegedly refusing to assist scam victims. Chase Bank has had a number of their customers fall victim to this scam, and much like they did with the Zelle scam, Chase is reportedly putting the onus on the customers.

    When Chase looks at their records, they only see it as a customer transaction and have told scam victims that the victim must have taken the money. One customer was even told, “Well, you have to prove it wasn’t you.”

    You might assume that since ATMs have cameras, Chase could easily verify if the customer made the transaction. According to one customer, they were told that Chase cannot pull the footage unless they’re subpoenaed by law enforcement.

    But also, much like the Zelle scam, Chase refunded the scam victims once their local media got involved.

    If you go to an ATM and the card reader is not functional, consider going into the bank or trying another ATM situated elsewhere. Additionally, if you possess a credit card, it might be a wise decision to utilize that instead. This is because credit cards have a built-in safety measure that aids in preventing such fraudulent activities. Moreover, credit cards provide more consumer protection than debit cards.

     

  • Geebo 8:00 am on May 4, 2023 Permalink | Reply
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    Reshipping scam resurfaces 

    Reshipping scam resurfaces

    By Greg Collier

    When it comes to job scams, especially work from home scams, the reshipping scam is probably one of the most nefarious. This is a type of fraud where criminals purchase items with stolen credit card information and have them shipped to a person in another country or location.

    The reshipper then receives the package, removes the original shipping label and replaces it with a new one addressed to the final destination, which is usually another location where the scammers can collect the items or resell them for a profit.

    The scam works by exploiting the differences in the cost of goods and shipping fees between countries or regions, allowing scammers to purchase items at a lower price from one country and sell them for a higher price in another, using the stolen credit card information to cover the costs. The reshipper is usually unaware that they are participating in a criminal activity and may believe that they are providing a legitimate forwarding service.

    The Better Business Bureau recently issued a warning after receiving complaints from victims who were hired by scammers as a packaging inspector. The state of Wisconsin has been especially hit hard, as many of the scam’s victims have been found there.

    What makes the scam appear legitimate is the scammers have a phony payroll dashboard online where victims not only track their hours worked, but also provide their personal information for payment. The victims are never paid and when they inquire with their supposed employer about their payment, the scammers disappear, taking the victim’s personal information with them.

    What’s most problematic about this scam is this scam could actually land a victim in jail. If a scam victim willingly falsifies shipping documentation as directed by the scammers to bypass US customs, they may be subject to imprisonment.

    This scam is easy to avoid if you’re aware of one vital piece of information. Reshipping is not a real job. It’s exclusive to job scammers. These positions are often advertised online with such titles as ‘shipping coordinator’, ‘warehouse distribution coordinator’, or ‘local hub inspector’. No matter what the job is called, it’s never legitimate.

     

  • Geebo 8:00 am on May 3, 2023 Permalink | Reply
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    Scam Round Up: AI voice scam finds another victim and more 

    By Greg Collier

    This week in the round-up, we’ll be discussing three scams we’ve discussed before, but have popped up again recently.

    Our first scam is the Medicare card scam. Medicare issued new cards back in 2018 which started using an ID# rather than the recipient’s Social Security number. This was done to help prevent Medicare fraud and ensure patient privacy. Ever since then, scammers have been trying to fool Medicare recipients into believing another new card was being issued. Scammers typically do this to try to steal their victim’s Medicare information.

    The West Virginia Attorney General’s Office has issued a warning which says scammers are calling residents posing as Medicare, the Social Security Administration, or the Department of Insurance. The scammers are telling residents they need to turn in their paper Medicare cards for new plastic ones. This is not true. If Medicare were to issue new cards, they would announce it through the mail and not by calling Medicare recipients.

    The next scam pertains to families who have a loved one who is currently incarcerated. The Georgia Parole Board has issued their own warning to the families of the incarnated. They’ve reported scammers are calling the families and asking for money for the release of their family member. The scammers claim the money is needed for an ankle monitor before the inmate could be released.

    According to the parole board, they will never call anyone’s family asking for money. Georgia residents are advised to check with the parole board’s website before to determine the current parole status of their family member.

    Our final scam is one that’s not that old and has been in the news a lot lately, the voice spoofing scam. Scammers are taking voice recordings from social media or spam phone calls and feeding it to an AI program that can replicate that person’s voice. So far, it’s mostly been used in the grandparent scam, and the virtual kidnapping scam.

    An elderly coupe from Texas fell victim to the grandparent scam when they heard the voice of their grandson asking for help. The AI-generated voice said they were in an accident in Mexico and needed $1000. Believing he was talking to his actual grandson, the grandfather sent the money.

    If you receive a call like this, don’t believe your ears, as they can be deceived. Instead, try to contact the person who is supposedly in danger before sending any money.

     

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