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  • Geebo 9:00 am on January 11, 2022 Permalink | Reply
    Tags: , apartment fire, , Bronx, , , , investment scams, parking scam, , san antonio, ,   

    Scam Round Up: QR Codes, Bitcoin, and More 

    Scam Round Up: QR Codes, Bitcoin, and More

    By Greg Collier

    It’s time once again to bring you three scams from around the country you should be aware of.

    ***

    Major cities in Texas like Houston, Austin, and San Antonio have reported a scam involving QR codes and parking. For those who may not know, QR codes are those square codes you sometimes see. If you point your phone’s camera at a QR code, it will take you to a website where you would normally be provided with additional information. In Texas’ case, scammers around these cities are placing QR codes around city-owned parking spaces. Once you scan the code, you’re asked to pay to use the parking spot. However, the money is going to scammers instead of the city. Along with your payment, the scammers now have your payment information as well. If you have fallen to this scam, you’re asked to file a police report and contact your payment issuer.

    ***

    Cryptocurrency scams continue to find victims across the country. Recently, a North Carolina man lost $15,000 to one of these scams. He was contacted through social media to invest in a cryptocurrency company who claimed that profits were 100% guaranteed. Supposedly, the man’s initial investment grew to $95,000; however, he would need to pay another $14,000 to get his windfall. This is a new crypto-flavored twist on the advance fee scam. For example, when a scammer tries to tell you that you’ve won millions of dollars in a sweepstakes, but you need to pay a fee to claim your winnings. Please keep in mind that the crypto market is filled with scammers, and no investment, not even cryptocurrency, can guarantee you a return on your investment.

    ***

    Lastly, we have to talk about charity scams again. We’re sure most of our readers have heard about the tragic apartment fire that took place in The Bronx recently. The fire has left several families displaced and many in the hospital fighting for their lives. You may feel the need to donate to a charity that would benefit these families. Be careful because scammers will use any tragedy to try to benefit themselves. The Mayor’s Office has set up a donation fund where all proceeds go to help the victims. There is also another city website where you can find additional information on how to help the victims. Don’t make a donation through a robocal. If you’re suspicious about a certain charity, you can always check with the BBB to see how legitimate they are.

    ***

    While these scams may not be happening in your area, they could be soon. Hopefully, you now have the knowledge to recognize these scams.

     
  • Geebo 8:00 am on April 16, 2020 Permalink | Reply
    Tags: , , , , , investment scams,   

    Federal agencies are warning about covid related scams 

    Federal agencies are warning about covid related scams

    With the current coronavirus pandemic showing no signs of subsiding any time soon, many experts in the field are saying that they’ve never seen so many scammers trying to take advantage of a calamity. In that vein, many federal agencies have issued warnings about scams that are related to the coronavirus/covid-19 pandemic. You can click the following link to see our previous posts about coronavirus scams.

    The Securities and Exchange Commission (SEC) is warning investors about companies that appear to be making false claims about coronavirus treatment and prevention. The SEC has already suspended 16 companies from trading stock over claims of coronavirus testing kits. The SEC is also warning about currently investing in penny stocks related to coronavirus treatment as these stocks can easily be overinflated in value by the company before being sold off in what’s known as a pump and dump scheme.

    The Secret Service is warning citizens about scams related to the economic impact payments. We’ve previously discussed many of these scams here. In addition to the scams we’ve previously discussed, the Secret Service is warning about any messages you may receive about the economic impact payment that contain phrases like ‘immediately’, ‘urgent’, or ‘do not tell anyone about this offer’. According to the Secret Service, these are red flags for scams. They also recommend possibly freezing your credit during the pandemic so no one can open any lines of credit in your name.

    Along these same financial lines, the FBI is expecting a sharp rise in cryptocurrency scams during the pandemic. These scams will essentially entail current scams such as work at home and charity scams but will be looking to cryptocurrency as the scammer’s method of laundering the money they take from their victims. The FBI also says to be wary of new cryptocurrency offerings and investments as scammers will just steal the money and hide it in other cryptocurrencies.

    During these times financial stability is a major concern among many of us. By keeping a cool head on your shoulders you can prevent these con artists from threatening the security that you’ve worked hard for.

     
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