Greg's Corner

Tagged: Scams Toggle Comment Threads | Keyboard Shortcuts

• 

  Geebo 8:00 am on August 1, 2024 Permalink | Reply
  Tags: bank fraud ( 26 ), bank scam ( 72 ), Chase ( 14 ), impersonation scam ( 149 ), Scams   

  Couple recovers life savings after bank scam 

  

  By Greg Collier

  A retired couple from Buford, Georgia, has finally regained their life savings after falling victim to a sophisticated cyber scam. Their journey to justice was fraught with frustration and dead ends, but their perseverance has paid off.

  The scam began when the couple received text messages purportedly from their bank’s fraud department, warning that a debit card had been compromised. Concerned, they called the number provided, believing they were contacting Chase Bank. Instead, they unwittingly connected with scammers who, within 20 minutes, drained their bank account of nearly $50,000.

  Despite immediately reporting the fraudulent transaction, the couple was initially met with skepticism and dismissal. The bank claimed that they had either authorized the transactions or benefited from them.

  For months, the couple faced bureaucratic roadblocks. The police hadn’t assigned a detective to their case, and a federal watchdog group offered no assistance. The bank, meanwhile, considered the case closed.

  Frustration finally caught the attention of an assistant district attorney. With help, the case was brought to detectives who accessed the crucial phone records. These records revealed that scammers had called the bank, impersonating the couple and authorizing the large money transfers.

  The new evidence prompted the bank to conduct a third-party review, leading to the reversal of their previous decision. The stolen funds were restored to the couple’s account.

  If you ever find yourself in a similar situation, obtaining your phone records and presenting them to both the police and your bank can be crucial steps toward recovery.

  However, this case also raises important questions. Why do banks often accuse victims of benefiting from scams? Why does it frequently take media involvement before banks offer refunds to the victims? The journey to justice for scam victims should be more straightforward, highlighting the need for banks to prioritize customer protection and trust.

   

  Leave a ReplyCancel reply
• 

  Geebo 8:00 am on July 31, 2024 Permalink | Reply
  Tags: Amazon ( 108 ), brushing scam ( 24 ), qr codes ( 9 ), Scams   

  New brushing scam adds QR code component 

  

  By Greg Collier

  The brushing scam is a type of fraud where sellers on e-commerce platforms, like Amazon, send unsolicited packages to individuals to create fake positive reviews. People receive packages containing random, inexpensive items they did not order. Scammers use the recipient’s name and address to create fake accounts, making it seem as though the recipient purchased the item. They then write positive reviews under these fake accounts, boosting the product’s ratings and visibility.

  This increase in visibility makes the product appear more popular and credible, which in turn increases its sales. Although the recipients of these packages are not directly financially affected, their personal information is being misused, which can be concerning.

  A police department in Georgia has reported that some scammers have added a more malicious twist to the brushing scam. According to the Thomasville Police Department, recipients not only receive random, inexpensive items, but also a QR code instructing them to register their new product. Scanning this QR code can download a malware virus onto your phone, giving scammers access to sensitive data stored on your device.

  If you receive an unexpected package, think twice before interacting with any included instructions or QR codes. Instead, change your account passwords immediately, as your information may have been compromised. Closely monitor your accounts and credit reports for any suspicious activity. Notify the authorities to report the scam. Lastly, try to inform the retailer about the fraudulent activity.

   
• 

  Geebo 8:00 am on July 30, 2024 Permalink | Reply
  Tags: artist scam, check scam ( 79 ), fake check ( 48 ), Scams, social media ( 81 )   

  Fake check scam hides behind ‘artist’ facade 

  

  By Greg Collier

  The fake check scam has been prevalent for decades. Scammers continually attempt to trick victims into depositing counterfeit or stolen checks into their bank accounts. After the check is deposited, the scammers request a portion of the money back, using various excuses.

  Our initial encounter with fake check scams was through the overpayment scam. In this scenario, online sellers post an item for sale on a marketplace website or app, and scammers send a counterfeit check for more than the asking price. The scammer then claims it was a mistake and asks for the ‘overpayment’ to be returned.

  In our view, the fake check scam is most commonly used in job scams. Typically, a fraudulent employer sends a check to the victim, instructing them to deposit it into their bank account. The victim is then told to use the money to buy supplies needed for the job. However, the supply vendor is also fake, resulting in the victim unwittingly giving the money back to the scammer.

  Unfortunately, most banks do not consider it their responsibility to wait for the check to fully process before making the funds available to the account holder. This often leaves scam victims owing their bank the full amount of the fake check.

  Recently, the Federal Trade Commission (FTC) issued a warning about a new tactic scammers are using to trick victims into depositing fake payments. This alert is warning consumers about an online scam involving an ‘artist’ who offers to pay you to paint your photo.

  The scam typically starts with a direct message on social media. You receive a compliment on one of your photos, and the sender expresses interest in painting it. They promise to send you a check in exchange for permission to use your image, which might seem flattering and harmless at first glance.

  Once you agree, the scammer sends you a check and instructs you to deposit it. You’re asked to set aside a portion of the funds to send back to the “artist” for supplies, with the assurance that you’ll keep the remainder. The scammer might even promise to reimburse you for any money you send back, making the offer seem even more enticing.

  Despite appearing legitimate, the check is fake. Initially, the funds may be deposited into your bank account, giving you a false sense of security. However, once you send money back to the scammer, you’ll soon discover that the check was counterfeit. This means you’ll be out of the money you sent, and the funds from the fake check will be withdrawn from your account.

  If someone you don’t know reaches out with an offer that seems too good to be true, it probably is. Be cautious of any requests involving checks and money transfers. If something feels off about the communication, trust your instincts. Scammers often use charm and flattery to gain your trust.

   
• 

  Geebo 8:00 am on July 29, 2024 Permalink | Reply
  Tags: bitcoin ( 32 ), bitcoin atm ( 25 ), court ruling, scam protection, Scams   

  Court ruling lessens scam protections 

  

  By Greg Collier

  Bitcoin scams have been a persistent threat for years, but a recent Wake County, North Carolina, court ruling has made the need to protect yourself even more crucial. The decision has complicated the recovery of money lost in scams, leaving victims with fewer options to reclaim their funds.

  The court ruling has effectively taken away a critical tool for recovering money from Bitcoin scams. Until recently, law enforcement agencies could seize funds deposited in Bitcoin ATMs if they were suspected to be part of a scam. However, a judge has now ruled that once cash is deposited into these machines in exchange for Bitcoin, the ATM owner becomes the lawful owner of the cash. Although the cash can still be seized as evidence of a crime, the statute does not support returning the currency to the victim. This ruling has significant implications for scam victims, making similar recoveries more challenging in the future.

  With the possibility of recovering funds now diminished, it is more important than ever to recognize and avoid scams before they happen. It’s essential to understand that no government agency or credible business will ask you to deposit money into a Bitcoin ATM or pay with cryptocurrency. Such requests should be treated as red flags.

  Scammers often create a sense of urgency to pressure victims into making hasty decisions. If you receive a call or message claiming you need to act immediately to protect your funds, take a step back and verify the information independently. Always verify the identity of the person or organization contacting you by using official channels and contact information to confirm whether the request is legitimate.

  Staying informed about the latest scams and sharing information with friends and family, especially those who may be more vulnerable, can also help protect against these threats.

  The recent court ruling in Wake County underscores the importance of protecting yourself from Bitcoin scams. With fewer recovery options available, prevention is the best defense. By staying informed and cautious, you can reduce the risk of falling victim to these increasingly sophisticated scams.

   
• 

  Geebo 8:00 am on July 26, 2024 Permalink | Reply
  Tags: FBI ( 22 ), gold bars ( 10 ), impersonation scam ( 149 ), Scams   

  FBI warns elderly about gold scam 

  

  By Greg Collier

  Recently, a distressing trend has emerged across Montgomery County, Maryland, where senior citizens have been targeted by sophisticated scams involving gold bars. These scams are not isolated incidents, but part of a larger nationwide trend that has seen seniors losing millions of dollars to criminals posing as government officials or representatives from reputable organizations.

  These scams have resulted in significant financial losses nationwide in just the latter half of last year. The methods of these scammers are alarmingly consistent. They often impersonate tech support, financial, or government officials, claiming that the victim’s financial accounts have been compromised. The scammers then pressure the victims into converting their assets into cash or valuables, such as gold or silver, supposedly to protect them from hackers. Once the conversion is complete, the scammers arrange to collect the assets, sometimes even sending couriers to the victim’s home.

  Montgomery County has been a particular hotspot for these scams. One particularly heartbreaking case involved an elderly retiree who lost nearly $1 million after being tricked by individuals posing as federal agents. This all began with a simple click on a pop-up ad that warned of spyware. The scammers convinced her to convert her life savings into gold bars and hand them over to a courier. Fortunately, she realized the deception before handing over more than $2 million in additional assets.

  Another recent case involved an elderly man from Bethesda who was similarly deceived by a caller pretending to be from a government agency. Over nine trips to a local gold store, he converted over a million dollars into gold bars. It was only after seeing a news report about similar scams in the area that he contacted the police, who then set up a sting operation and arrested the suspect.

  Authorities have made several arrests in connection with these scams. A suspect from Brooklyn, New York, was apprehended when he attempted to collect a box of supposed gold bars handed over by an undercover detective posing as a victim. In another case, another suspect was arrested following the sting operation involving the Bethesda man. These arrests are part of ongoing efforts to combat this surge in scams targeting vulnerable seniors.

  The FBI and local authorities have issued warnings to help protect seniors from falling prey to these scams. They emphasize the importance of verifying any calls claiming to be from government officials or businesses, as they would never ask you to convert your assets into gold or other valuables. It is crucial to guard personal information and be cautious online, avoiding unknown ads or pop-ups and not allowing unknown individuals access to your computer. If you suspect you have been contacted by a scammer, report the incident to the FBI or reach out to relevant hotlines for assistance.

  These scams are not limited to Montgomery County; they are part of a troubling national trend. Reports of similar scams have surfaced across the country, with seniors being particularly vulnerable. The scale and sophistication of these operations highlight the urgent need for nationwide awareness and preventive measures. By understanding that these threats exist beyond local communities, we can work together to protect seniors from falling victim to these deceptive schemes.

   
• 

  Geebo 8:00 am on July 25, 2024 Permalink | Reply
  Tags: blackmail ( 3 ), dating apps ( 2 ), extortion ( 16 ), online dating ( 8 ), police impersonation scam ( 65 ), Scams   

  Dating site scam blackmails victims 

  

  By Greg Collier

  Connecting with others has become easier than ever. However, this convenience comes with its own set of risks. Recently, there has been an alarming increase in scams involving imposters pretending to be law enforcement officials. These scammers target unsuspecting victims, often through dating apps, coercing them into parting with their money.

  Recently, in South Carolina, a warning was issued about scammers posing as members of an internet crimes task force or local police. These fraudsters start by luring victims on dating apps, where men believe they are chatting with a woman. Once the conversation progresses, the scam takes a sinister turn. Victims are accused of interacting with a minor and are then approached by scammers posing as a “parent” or “investigator.” They demand money in exchange for dropping the supposed charges. Alarmingly, the scammers have gone as far as using a real investigator’s information to seem more legitimate.

  Legitimate law enforcement officials never request money in exchange for dropping charges. Anyone receiving such calls should report them to local law enforcement agencies.

  A similar scam recently unfolded in Nebraska, where a man lost over $2,000 after befriending a woman on a dating app. After receiving unsolicited photos, he was contacted by someone claiming to work with the police, stating that the girl’s father would not press charges if he paid a sum of money. Trusting the caller, the victim wired the money to an online account.

  These incidents underscore the need for caution in our digital interactions. It is essential to verify the identity of individuals you interact with online, especially if they ask for money. Be wary of unexpected messages or calls, particularly those involving threats or requests for money. Avoid sharing personal or financial information with people you meet online, even if they seem trustworthy. If you receive a suspicious request, contact local authorities directly to verify its legitimacy. Staying informed about common scams and how they operate is your best defense against fraudsters.

   
• 

  Geebo 8:00 am on July 24, 2024 Permalink | Reply
  Tags: bank fraud ( 26 ), bank scam ( 72 ), Scams, seniors ( 9 ), Zelle ( 67 )   

  Zelle scams hit seniors the hardest 

  

  By Greg Collier

  For nearly two years, Zelle-related scams have persisted, affecting countless users who rely on this popular peer-to-peer payment app. Despite its widespread adoption and backing by major banks, the platform has become a fertile ground for fraudsters, exploiting vulnerabilities and leaving victims with little recourse. As the financial toll mounts, concerns about the app’s security and consumer protection measures continue to grow.

  A senior citizen living in Western Pennsylvania, with a disability and on a fixed income, was recently swindled out of over $1,400 through unauthorized transactions on Zelle, a cash app backed by America’s largest banks. As his financial stability is threatened, he echoes a sentiment that many fraud victims share, accountability should not fall on the victim.

  The issue of digital payment fraud has caught the attention of Congress as Americans report losing a staggering $10 billion through Zelle fraud in 2023 alone. One senator has described Zelle as the “dirty little secret” of American banks.

  The victim shared his frustration, revealing his bank statements and detailing the five unauthorized Zelle transactions from May. These transactions, ranging from $95 to $639, were debited from his account without his consent. For him, who relies on a fixed monthly income from Social Security Disability, losing over $1,400 is devastating.

  Despite disputing these transactions twice with his bank, he was told they were valid. His former bank insists he is liable for the transactions, and the amount has been sent to collections. This burden is nearly as much as his entire monthly disability check.

  Zelle, operated by the nation’s seven largest banks, is the most used peer-to-peer payment app, with transactions that are fast and, unfortunately for victims like him, permanent. Some lawmakers have criticized the banks for not doing enough to protect consumers.

  When approached about this case, the bank declined to comment on individual accounts but reiterated their efforts to educate customers on avoiding fraud. Their recommendations included only using Zelle for trusted contacts and safeguarding account login information.

  The issue highlights a critical need for better consumer protections in digital finance, especially for vulnerable individuals like this victim. As Congress and federal agencies scrutinize these practices, victims hope for accountability and change in the system that has left them unprotected.

   
• 

  Geebo 8:00 am on July 23, 2024 Permalink | Reply
  Tags: EZ Pass, Scams, smishing ( 6 ), tolls ( 3 )   

  Toll text scams continue across the country 

  

  By Greg Collier

  Across the nation, drivers are increasingly becoming targets of sophisticated scam texts and emails claiming to collect unpaid tolls. These fraudulent messages exploit the routine nature of toll payments to trick recipients into making payments to fake websites. As this issue grows more prevalent, it highlights the importance of being vigilant and informed to avoid falling victim to these scams.

  In New York, many residents have reported receiving text messages that appear to be from New York toll services. The messages warn of an unpaid toll invoice and threaten an additional charge of $150 if the alleged balance of $5.89 is not paid promptly. The scam directs users to a fraudulent website that closely mimics the official site.

  Residents have been sharing their experiences on social media, helping to raise awareness. The New York State Thruway Authority has been actively warning about this “smishing” scam on its social media platforms and website. They advise anyone receiving such messages to verify their toll accounts directly through official channels and report suspicious messages to the FBI.

  Similarly, the Ohio Turnpike and other toll-road agencies in the northeastern United States are dealing with a surge of fraudulent texts and emails. These messages claim to be from Ohio Turnpike Tolls Services and instruct recipients to pay $9.75 via a fake website to avoid additional charges of $97.50.

  Many recipients are not even Ohio Turnpike customers, highlighting the broad reach of this scam. The Ohio Turnpike and Infrastructure Commission has clarified that they only use paper invoices sent via U.S. Mail for unpaid tolls. Emails are sent solely to E-ZPass tag holders regarding account status, such as insufficient funds or credit card issues. They never use text messaging to solicit payments.

  Always verify the source of any message asking for payment by using official websites or contacting customer service directly. Look for red flags, like incorrect URLs or unexpected payment requests. Avoid clicking on links in unsolicited messages, and navigate to official websites by typing the address into your browser. Report any suspicious messages to the relevant authorities and follow updates from official toll agencies on social media and their websites to stay informed about ongoing scams. By remaining vigilant and informed, you can protect yourself from falling victim to these scams. When in doubt, verify the message through official channels before taking any action.

   
• 

  Geebo 8:00 am on July 22, 2024 Permalink | Reply
  Tags: CrowdStrike, Microsoft ( 21 ), phishing ( 78 ), Scams   

  Scams expected in wake of CrowdStrike crash 

  

  By Greg Collier

  On Friday, a faulty software update from CrowdStrike’s Falcon monitoring platform caused widespread disruptions, affecting 8.5 million Windows devices globally. This incident led to significant interruptions in various services, including online banking and air travel, despite accounting for less than one percent of all Windows machines. The outage was not the result of a cyberattack, but it has sparked serious concerns about opportunistic scams exploiting the chaos.

  In the wake of the outage, both CrowdStrike and several government-affiliated agencies have issued warnings about a surge in phishing and scam activities. Scammers are quick to capitalize on the confusion, using tactics such as malicious domain registrations, phishing emails, and fraudulent phone calls. A notable scam involves a ZIP archive named “crowdstrike-hotfix.zip,” designed to steal data from unsuspecting users.

  Staying safe during this period requires vigilance and caution. Be aware of phishing scams claiming to resolve the outage, and avoid downloading software or opening attachments from unknown sources. When receiving requests for personal information, always verify the sender and never share sensitive details with unverified contacts. It’s crucial to use official channels when seeking assistance. Contact companies directly through their official websites or help desks, and make sure to visit CrowdStrike and Microsoft’s dedicated support pages for accurate information.

  Scammers often create a sense of urgency to prompt hasty actions. Resist the pressure to act quickly and take your time to verify any communication you receive. Reporting scams is essential. In the U.S., report fraud to the Federal Trade Commission.

  Support vulnerable individuals by checking in with elderly friends and family members who might be targeted. Ensure they understand the current scam tactics and know how to stay safe. This collective vigilance can help protect against the wave of scams taking advantage of the current situation.

  Experts advise that the best course of action when uncertain about a communication is to contact businesses directly. This helps avoid falling for scams masquerading as legitimate offers of assistance. Additionally, it’s important not to succumb to pressure and rush into actions that could compromise personal information.

  As the fallout from the CrowdStrike-induced outage continues, maintaining vigilance and adhering to these safety measures will help protect against the wave of scams. Remember, forewarned is forearmed. Stay informed, cautious, and always verify the sources of any communications you receive.

   
• 

  Geebo 8:00 am on July 19, 2024 Permalink | Reply
  Tags: arrest warrant ( 26 ), gag order ( 3 ), jury duty scam ( 30 ), police impersonation scam ( 65 ), Scams   

  Why ‘gag orders’ are red flags to a scam 

  

  By Greg Collier

  In many scams, perpetrators attempt to isolate their victims from friends and family, often virtually. Scammers frequently keep their victims on the phone while guiding them through the payment process. This tactic is particularly common in police impersonation scams, such as the jury duty scam or the grandparent scam. To prevent victims from contacting others, these impostors may threaten arrest, falsely claiming a ‘gag order’ is in place. While most people have heard of gag orders, this is not how they actually work.

  A gag order in US courts is a legal directive that restricts individuals, typically those involved in a legal proceeding, from discussing or disclosing certain information related to the case. These orders are issued by judges to ensure a fair trial by preventing the potential for prejudicial pretrial publicity and protecting the privacy and rights of the parties involved.

  Gag orders are issued by a court, typically signed by a judge and bearing official court insignia or letterhead. Official court orders are usually delivered through formal channels such as registered mail, a court official, or legal representative. If a gag order is delivered via email, text message, by phone call or any informal method, it’s likely fake.

  For example, in Northern Kentucky, police have issued a warning about scammers posing as law enforcement officers who extort money from victims under the pretense of legal fines. These scammers claim that a gag order is in place, threatening that discussing the matter with anyone else could worsen the victim’s legal situation.

  Scammers often rely on fear and urgency. Once a gag order is mentioned over the phone, there’s an overwhelming chance the caller is a scammer. Do not make any payments or provide personal information. Gag orders are not communicated or enforced over the phone. Politely hang up the phone. Engaging further could give the scammer more opportunities to manipulate you. Contact your local law enforcement agency or a legal professional to verify the legitimacy of the claim. Use official contact information, not the numbers provided by the caller. If possible, take note of the caller’s number, any names they use, and specific details of the conversation.

  By taking these steps, you can protect yourself and help authorities combat these fraudulent activities.