Tagged: bank scam Toggle Comment Threads | Keyboard Shortcuts

  • Geebo 8:07 am on May 4, 2021 Permalink | Reply
    Tags: , bank scam, , ,   

    Anybody can fall for a scam 

    Anybody can fall for a scam

    By Greg Collier

    Every once in a while after we post a story about the latest scam, we’ll get a comment from someone claiming that they would never fall for that scam. You’re probably right. You may not fall for that scam, but be assured there is a scam out there with your name on it. As we like to remind our readers, scams find victims from every socioeconomic status and every level of education. We’ve posted stories where scam victims held a PhD or were the CEO of a successful company. Now, imagine if it was your job to educate others about scams. Would you still think you’re scam-proof?

    This exactly what happened to an employee of the Metro Atlanta’s Better Business Bureau. The subject of our story is a Community Engagement Executive. She received a spoofed call that appeared to come from her bank. The caller claimed to be from her bank’s fraud department. They asked her about a small charge on her account that could be fraudulent, and there was actually a small charge on her account that she did not make. The caller also had the last four digits of her debit card which added legitimacy to the caller. However, the caller asked the BBB employee to verify her name and email address as well as getting her to answer her security question. With this information, the scammer was able to lock the woman out of her own bank account before taking $4,000 through the Zelle app. Luckily, she was able to work with the bank to get her money back, but that’s more the exception than the rule.

    Scammers are always evolving. If they’re not coming up with a brand-new scam, they’re tweaking old scams to fit new circumstances. No one person can possibly know every scam that’s going on today. The general public only finds about new scams after victims who were taken in the scam come forward. Since many don’t come forward out of embarrassment, it’s safe to assume there are scams out there that we have yet to hear about. To be so confident to think that you could never be taken in a scam is to let your guard down due to hubris. That’s when you leave yourself wide open for a scam.

     
  • Geebo 8:00 am on April 15, 2021 Permalink | Reply
    Tags: bank scam, charlotte, , , PNC Bank,   

    Bank promotion leads to identity theft 

    Charlotte, North Carolina is one of the major banking capitals of the US. While the primary banking center of the country is New York City, Charlotte has traded the #2 spot with San Francisco for many years. Many national banks either have their corporate headquarters in Charlotte or have a large corporate presence there. Unfortunately, this large banking presence has not stopped bank scams from happening as the local police recently found out.

    The Charlotte-Mecklenburg Police Department have said they recently encountered dozens of residents who have had bank accounts opened in their name. The residents have said that they’ve received letters in the mail thanking them for opening accounts with PNC Bank. Some of the letters even have debit cards included with them. PNC seems to be the target of this scam since they’re running a promotion where a customer can receive $300 for opening an account.

    It’s believed that the residents targeted in this scam must have had their private information leaked in a previous data breach. While reports have not stated it, in similar scams, scammers have had debit and credit cards sent to the victims home address where the scammer is watching the mail so they can intercept the card.

    If you receive a letter like this from PNC or any other bank, you need to act immediately. Call the bank at the customer service number that’s provided with the letter to tell them you did not open that account. It’s also recommended that you contact your local police department as well. Then it’s strongly recommended that you put a freeze on your credit. You can also get a credit alert that will notify you if anyone tries to open credit using your information.

     
  • Geebo 8:01 am on March 22, 2021 Permalink | Reply
    Tags: bank scam, , , ,   

    Victim loses stimulus in bank scam 

    By Greg Collier

    Many taxpayers received their $1400 stimulus payments in the last week or so through direct deposit. Almost as soon as the economic impact payments hit people’s bank accounts, scammers have tried to weasel their way into people’s lives to steal those payments. Unfortunately, one woman from Texas found out the hard way that these scams are going on.

    The woman received a phone call that appeared to be coming from her bank. The number on her caller ID matched that of her bank’s customer service number. The caller claimed that there appeared to be fraudulent activity on the woman’s account and that they needed her help in clearing up the situation. While the report doesn’t specifically state it, it implies that the caller asked the woman for her banking information. Before she knew it, her account had been cleaned out. This included not only her stimulus payment but a paycheck as well.

    With scam phone calls being so prevalent many of us have stopped answering calls if we don’t recognize the number. How many cars can one person possibly own to have so many car warranties expire. But that’s a post for another day. What we’re getting at is, if the number is not on your list of contacts, you’re better off not answering the call even if it appears to be your bank.

    While many banks and other financial services do actually call their customers when there’s possible fraudulent activity on the account, you’re still better off letting the call go to voicemail. If the call is actually from your bank, you can call them back at the customer service number on the back of your debit or credit card or the number that’s on your bank statement. Don’t just Google a customer service number for your bank either as some scammers take out ads on Google posing as customer service departments for various well-known businesses.

    If you do answer the call, be on the lookout for telltale signs of a scam. Your bank shouldn’t ask for your account number as they should already have it. They won’t need your password to your online banking account either.

     
  • Geebo 8:00 am on August 19, 2020 Permalink | Reply
    Tags: bank scam, , , ,   

    New scam targets seniors’ bank cards 

    New scam targets seniors' bank cards

    Through no fault of their own, senior citizens are often the targets in scams. This can often be attributed to the fact that in their day, phone calls were largely important communications. Today, it seems almost unthinkable to answer a phone call from a number we don’t recognize, but back then, people would rush to the answer the phone without even knowing who was on the other line. This could be why two senior Florida residents were taken in a very brazen scam recently.

    In Boynton Beach, Florida, two senior residents had their bank cards physically stolen by someone claiming to be a bank representative. In the first instance, a 77-year-old woman received a call from someone claiming to be from Chase Bank telling the woman that one of her cards had been used in a fraudulent transaction. She was then told that a bank representative would come to her house to take her old cards and give her new ones. A woman in a navy blue dress showed up to her home and took her cards. As you can suspect, the cards given to the woman in the navy dress were used in various fraudulent transactions and $2500 was taken out of the woman’s checking account. A similar incident happened to an 89-year-old man in the same area except he was told that it was Wells Fargo who was calling.

    A question we get often is who falls for scams like these. Scammers like to cast as wide a net as possible in order to trick a handful of victims. It only takes a small number of victims to make these scams profitable for scammers. We would imagine this scam or scammers called an inordinate amount of people just to find these two victims. While you may recognize this as a scam, not everyone would. We discuss these scams so you could potentially help someone who may be a vulnerable target for scammers.

    If you or someone you know receives a call like this, it’s advised that you hang up and report the call to police. If your bank suspects fraudulent activity on your account, they will call you to ask if you made the purchase or transaction. If one of your cards had been used fraudulently, your bank would more than likely cancel your current one and either send you a new one in the mail or have you pick up a temporary card at your local branch. They would also instruct you to destroy your current card. They would not ask to reclaim your old card.

    Also, please keep in mind that even though this scam may not have happened in your area, it could show up near you at any time.

     
  • Geebo 9:00 am on February 18, 2020 Permalink | Reply
    Tags: bank scam, , , ,   

    Instagram influencer charged in get rich quick scheme 

    Instagram influencer charged in get rich quick scheme

    Social media is one of the more incredible tools of the 21st century. If used properly, it can lead creators to find an audience or help get important messages out to a community quickly. However, like most tools, social media can also be used for nefarious purposes. Social media has become the home of all sorts of cybercriminals from hackers to identity thieves. And of course, social media is a haven for all manner of con artists and scammers. Many of the scams on social media are quick hits with the scammers disappearing as quick as possible but in today’s case, it was a long con designed to swindle as many people as possible.

    People with substantial social media followings are often called influencers due to the fact they can influence their followers into action. Often they use this influence to make themselves rich. This is usually done through endorsement deals but there are also influencers who try to scam their followers with get rich quick schemes. Often, these schemes are the usual snake-oil like MLMs. In other cases, they’re highly illegal money laundering schemes designed to use their followers as money mules.

    One such case was recently broken up in New Jersey. In the Garden State, there was a social media influencer with 300,000 Instagram followers and 100,000 YouTube subscribers. She is said to have posted pictures of large amounts of cash and bank account statement on her social media telling her followers they can get rich like her. All they had to do was send her a direct message to get the secrets. The influencer was only really after the bank account information of her followers. She was allegedly part of a bigger ring that would use the bank accounts to cash stolen checks and money orders. Once they were done with that bank account, she would block that particular user. All in all, this ring was able to steal $1.5 million this way.

    While living vicariously through social media celebrities can sometimes be fun, more often than not they are not your friends. Ultimately, you’re just part of their follower number which they use to try to increase their relevance and influence. Under no circumstances should ever give someone online your financial information. As always, if something sounds too good to be true it probably is. There is no real way to get rich quick online.

     
  • Geebo 9:00 am on December 10, 2019 Permalink | Reply
    Tags: bank scam, , ,   

    You can’t win a sweepstakes you never entered 

    You can't win a sweepstakes you never entered

    It’s time again for more scams that are happening around the country.

    In Iowa, authorities are warning residents who receive a letter from the “North America Consumer Promotion Draw.” The letter states that you’ve won some kind of sweepstakes prize and that you should call one of their agents so you can claim your prize. Of course, in order to claim your winnings, you have to pay a $1,000 processing and insurance fee. Instead of claiming any prizes, you’ll just be out of a grand. By and large, random people don’t get entered into giveaways that they haven’t entered themselves, and legitimate sweepstakes won’t ask you to pay a fee to claim your prize.

    In Wisconsin, a man fell victim to the bank texting scam. The man received a text from a scammer posing as his bank stating that there was fraudulent activity on his account. When the man texted back that those transactions weren’t him he received an automated phone call asking for his account’s PIN. Once he provided his PIN an actual fraudulent charge was made to his debit card for $500. If you receive any kind of notification stating that there’s a problem with your bank account, contact your bank directly. Don’t use the number that the text number may have provided and never give your PIN unless you’re absolutely sure you’re talking to your bank.

    Lastly, a Sheriff’s Office in Kentucky is warning local businesses about a gift card scam targeting their employees. A number of people have received emails posing as their bosses asking the employees to go out and buy gift cards. Once the gift cards were purchased the employees were instructed to send pictures of the gift card PINs through text message. If you receive an email like this, always verify with the person who is supposedly sending the email. If in doubt, call the person who sent the request to make sure you’re not falling victim to a scam.

    Please keep in mind that any number of these scams could be coming to your area at any time.

     
  • Geebo 8:00 am on October 31, 2019 Permalink | Reply
    Tags: bank scam, , ,   

    Payment app used by major banks targeted in scam 

    Payment app used by major banks targeted in scam

    Zelle is a payment app much like Venmo or the Cash App except that it’s tied directly to your bank account. The Zelle service is offered by major banks like Bank of America, Chase, and Fifth-Third among others. With Venmo and other apps, scammers can only drain your account of whatever amount you put in it. With Zelle, scammers now have the potential to drain your entire bank account and you don’t even have to use the Zelle app for it to happen.

    The scam starts out with a phone call where the scammers pose as your bank including using a spoofed phone number. They say that there is some suspicious activity with your account and that they need your login information in order to verify your identity. The scammers then use this information to lock you out of your own online account. They then activate the Zelle app under your account and transfer the money to Zelle accounts that were opened on burner phones. To the bank, it appears like you’ve made the changes to your account and used the Zelle app to make payments. Zelle itself uses two-factor authentication to try to prevent scams but if the user gives out their information to scammers there’s basically nothing Zelle can do.

    To better prevent this from happening to you it is recommended that you either activate the Zelle app through your bank or have the bank turn it off. If you receive a call from someone saying they’re from your bank, they will always have your account information and won’t need to ask for it. Even if you believe the call is from your bank it’s always better to call the bank back at their customer service number listed on the back of your card or in the bank’s mobile app.

     
  • Geebo 8:00 am on October 28, 2019 Permalink | Reply
    Tags: bank scam, , , fund raising, , , , ,   

    Scammers took advantage of late teen’s fundraiser 

    Scammers took advantage of late teen's fundraiser

    Here are some more scams happening to various communities from around the country. Always keep in mind that if they’re happening in one place, they could be happening somewhere near you.

    In Arkansas, a 15-year-old boy passed away after a freak accident that happened at his home. His grandparents took to social media in order to raise funds for the boy’s funeral expenses. While the family was able to raise the money needed, scammers set up fake social media accounts also posing as the boy’s family. The scam targeted people who already donated asking for phony donations in Amazon gift cards. Thankfully, many of the victims were able to get their money back. However, it shows what depths scammers will stoop to just to make a few hundred bucks.

    In Central Texas, a local police department is warning residents about a phone scam that has been worrying local residents. In it, the scammers pose as agents from the Social Security Administration claiming that there have been bank accounts opened using your Social Security number and that they’re tied to criminal activity. They threaten to freeze all of your bank accounts unless a payment is made over the phone. These calls are reportedly coming from overseas while appearing to be from local phone numbers.

    The last scam may seem like it’s an urban legend passed around on Facebook but according to police in Indiana, it has happened to a number of victims. Police there say a man has been going to WalMart and using the self-checkout to scam victims. The scammer has been allegedly using the self-checkout to scan gift cards but not paying for them. Then, the next person who uses the self-checkout inadvertently ends up paying for the gift card that the scammer scanned. While this sounds like a simple scam to foil, anyone could fall for this if they’re not paying attention. Always make sure that there are no already scanned items on the self-checkout screen. If there are, go to another scanner or contact a store employee.

     
    • Nk 9:36 pm on November 5, 2019 Permalink

      I spoke yesterday to a young man who was in India who originally claimed to be from social security. I admonished him for lying and stealing from people. He was very serious and proud of himself and his team because they don’t wipe out anyone’s money. They only take half. He said that if they have $1000 in their account, they only take $500. He said that’s because they show compassion.

  • Geebo 8:30 am on July 31, 2019 Permalink | Reply
    Tags: bank scam, Equifax, , , ,   

    Just how bad are military romance scams? 

    Just how bad are military romance scams?

    In a military romance scam, the scammer poses as a member of the US military and target potential victims. Like in most other romance scams, they’ll have the victim believing they’re in some type of relationship before asking for money. These scammers are largely from Nigeria where many of the scammers claim that these scams pay more than honest work. It’s become such a problem that the Department of Defense has employees that constantly scan social media for phony military accounts and report them to the platform in question. The Army’s Criminal Investigation Command receives numerous complaints about these scams but since the scams actually involve civilians it’s out of their jurisdiction.

    If you’ve been following the news lately you may be aware of the settlement that credit reporting company Equifax has been ordered to give because of a massive data breach that happened in 2017. The Federal Trade Commission has ordered Equifax to pay $425 million to consumers affected by the breach. his has meant that you may be able to claim $125 from the settlement. Of course, where there’s a payout there’s likely to be a scam. Fake websites are popping up claiming to be the official Equifax settlement website. The goal of these phony websites is to either to get you to give up your personal information or pay for a settlement that will never come. The official FTC settlement site can be found at https://www.ftc.gov/Equifax.

    Speaking of payments, a number of news outlets are reporting about a bank scam that’s affecting consumers. In this scam, you’ll receive a text message warning you that there’s been fraudulent activity on your bank account. You’ll then receive a phone call that appears to be from your bank with someone asking you to input your PIN. Once you do this the scammers will have control of your bank account. It’s easy for just about anyone to spoof a phone number to make it look like it’s coming from your bank. If you receive one of these calls the best thing to do is hang up and call the bank at the official number listed on the back of your credit or debit card.

     
  • Geebo 8:00 am on June 24, 2019 Permalink | Reply
    Tags: bank scam, , , , , Wells Fargo   

    Text message scams are on the rise! 

    Text message scams are on the rise!

    We’ve talked about email and phone call scams before but we’re pretty sure we’ve never discussed scams that specifically target you through text messages. Well, we’re going to correct that today.

    The Better Business Bureau recently reported on an employment scam that uses text messaging to try to swindle their victims out of their money or personal information. If you’re currently looking for a new job you could potentially be at risk for this scam. If you post your resume online you could be contacted by text from someone claiming to be a reputable company looking to hire you. They’ll then either ask you to pay for supplies or try to get your banking information for direct deposit. If they say you’re hired without even having you come in for an interview, it’s more than likely a scam.

    In Knoxville, Tennessee, a woman suffering from a cancer recurrence was recently scammed for hundreds of dollars in what’s referred to as ‘smishing’. That’s short for SMS phishing. She received a text message from one of her phone contacts telling about a grant she qualifies for that would provide $50,000 for her cancer treatment. The hook was that she would have to pay $500 first. After she mailed a $500 money order out of state she received another text asking for more money. This time the scammers were asking for $5,000. Luckily, her bank made her aware that this was a scam before she lost the $5,000. Text messages can be spoofed to make it look like they’re from someone you know. If a friend or associate texts you about a too good to be true offer, call them to make sure they sent the text.

    And lastly, the Utah Division of Consumer Protection is warning about a similar smishing scam that involves the Wells Fargo Bank. The text message says that there is an urgent discrepancy in your bank account that requires your immediate attention. You’ll then be instructed to click on a link or call a phone number to correct the discrepancy. You’ll then be asked for your ATM card number, PIN, expiration date, 3-digit security code, Social Security number, billing zip code, and your last known checking account balance. If you ever receive one of these text messages from any bank do not call the number or click on the link in the text. Instead, call your bank’s verified customer service number which you can usually find on their website.

     
c
Compose new post
j
Next post/Next comment
k
Previous post/Previous comment
r
Reply
e
Edit
o
Show/Hide comments
t
Go to top
l
Go to login
h
Show/Hide help
shift + esc
Cancel