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  Geebo 8:00 am on October 31, 2024 Permalink | Reply
  Tags: charity scam ( 34 ), counterfeit money ( 9 ), pigeon drop, Scams ( 1,366 )   

  Costly Lessons from a Pigeon Drop Scam 

  

  By Greg Collier

  In District Heights, Maryland, a recent case has highlighted the dangers of ‘pigeon drop’ scams, a type of fraud where unsuspecting victims are convinced to hand over money with promises of an even larger reward. This classic confidence scheme has left one elderly woman nearly $40,000 poorer, serving as a reminder of how easily trust can be exploited by scammers.

  The incident in Prince George’s County began when the victim was approached by two individuals outside of a business. They lured her in by claiming they had found a bag of money and wondered if it belonged to her. When she confirmed it wasn’t hers, they proposed an unusual solution. Rather than taking the money to the police, they suggested that she could donate it to charity. Convincing her of this fabricated opportunity, they managed to pressure her into withdrawing thousands from her bank account over a period of two days.

  In a pigeon drop scam, scammers claim they can’t donate the money themselves to add an air of plausibility and urgency to their scheme, which helps manipulate the victim into action. They often tell the victim they’re unable to make the donation because of practical or logistical reasons, like being from out of town, lacking a bank account, or needing to leave quickly. By presenting these reasons, the scammers deflect suspicion and make the target feel they’re the only one who can ‘do the right thing’, pushing them further into the scam’s fabricated narrative. To make matters worse, the supposed ‘found money’ is counterfeit.

  As luck would have it, the scheme didn’t continue unchecked. The Financial Crimes Unit of the Prince George’s County Police Department (PGPD) launched an investigation, using various techniques to track down the suspects. Within days, they located the group at a shopping center, catching them just as they were attempting to approach yet another potential victim. This quick intervention led to their arrest, preventing further harm.

  Despite these arrests, authorities remain concerned that more people may have fallen prey to similar scams but haven’t come forward. The nature of a pigeon drop scheme, which often plays on individuals’ generosity or sense of duty, makes it particularly insidious; victims may feel embarrassed, reluctant, or even uncertain about reporting their experience. Yet law enforcement emphasizes that there’s no need for shame in being targeted by such a well-rehearsed ploy.

  The PGPD urges the community to remain cautious and mindful, as these types of scams can happen to anyone. They recommend avoiding giving money or sharing financial information with strangers, especially when promises or situations appear unusually generous or urgent. Residents are reminded that legitimate charities never operate through unsolicited street interactions or unverified contacts.

  Ultimately, the case in District Heights serves as a stark reminder, in our interactions with strangers, especially those involving money, it pays to be wary. Skepticism isn’t cynicism, it’s protection. And while charity is noble, genuine donations should always be routed through trustworthy, verified channels to prevent these exploitative schemes from succeeding.

   

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  Geebo 8:00 am on July 12, 2023 Permalink | Reply
  Tags: counterfeit money ( 9 ), inheritance ( 6 ), pigeon drop, Scams ( 1,366 )   

  Beware the parking lot stranger with a bag of cash 

  

  By Greg Collier

  Recently, we came across a news article about a man who was arrested in the Washington, D.C. area for allegedly taking part in pigeon drop scams. We had never heard of the pigeon drop scam before, so we were intrigued. The articles we read about this man’s arrest didn’t go into great detail on how the scam worked, other than the man was said to have been in possession of $20,000 in counterfeit money and a letter from a phony law firm that said the man had inherited over $700,000.

  After doing some more research, we found out the pigeon drop scam is one of the older scams going on. The term “pigeon drop” comes from the world of con artists and scamming, specifically referencing the act of tricking or “dropping” a pigeon, which is slang for an easy target or a naive person. Also, from the context of the news article, this is how we think the suspect was allegedly stealing from his victims.

  One of the more popular versions of the pigeon drop scam is when the scammer approaches their victim in public. This encounter usually takes place in a parking lot. The scammer tells the victim he’s from another country, but recently inherited a great deal of money. A letter from a law office is shown to the victim, which shows the amount supposedly inherited. Except, for whatever reason, the scammer can’t take the money back to his country. So, instead, he needs help donating the money to charity.

  ‘Coincidentally’, another person walks by whom the scammer tells the same story to. However, this is no random person. It’s actually the scammer’s accomplice. If the victim is willing to help the scammer, the accomplice will act as if they want to help too. But here’s the catch. The scammer requires proof that the two people won’t just run off with the money, so the two people need to withdraw money from their own accounts as collateral. The pair will go to a bank or ATM together to get their collateral. Once they’ve done that, the scammer places both people’s collateral in a bag. It could be a duffle bag, a purse, a briefcase, what have you.

  Now that the victim has the scammer’s ‘trust’, the scammer gives the bag of money, which is also supposed to contain the victim’s collateral. When the victim opens the bag after the scammer has left, the victim typically finds bundles of newspaper cut up to resemble stacks of dollar bills. However, since movie prop money is so easy to come by these days, that has replaced newspaper. Plus, it makes the scam seem more legitimate.

  Another version of this scam is when the scammer approaches a victim, asking them if they dropped a wallet or purse containing a large amount of money.

  So if a stranger approaches you in a parking lot talking about inheritances or lost wallets, just tell them you’re sorry, but you’re in a hurry. Remember, no one is going to give you more money for less money.