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  • Geebo 9:00 am on November 9, 2023 Permalink | Reply
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    Venmo issues its own warning about scam 

    Venmo issues its own warning about scam

    By Greg Collier

    As you may know, Venmo is a personal payment app, with the emphasis on personal. It’s intended to be used between friends and family to send money quickly and effortlessly. It’s not supposed to be used between strangers, but this hasn’t prevented scammers from using it as an avenue of taking money from their victims. Scammers often use Venmo because once a victim pays a scammer, the scammer can quickly block the victim, preventing any kind of refund.

    Venmo itself recently issued a warning to not only its customers, but the general public about a scam that’s been plaguing its users. In this scam, a Venmo user receives a payment from someone they don’t know. The stranger then messages the user and claims the payment was sent by mistake. Then the user is asked to make a payment back to the stranger.

    These ‘accidental’ payments are often made by scammers using stolen credit or debit cards. If a user pays back the stranger, once the initial payment is found to be fraudulent, that payment is revoked. However, the user’s payment to the scammer is not. This gives the scammer free money and leaves the victim with much less money in their account.

    Venmo stated, if you receive a payment from a stranger, do not pay them back. Instead, a customer should contact Venmo through the app to have the payment reverse the payment. Users should also block anyone who sends them unsolicited payments.

    Another way to protect your Venmo account is by changing your payment feed to private. It is set to public by default, which means anyone can see your Venmo history.

    For more information about Venmo scams, you can use their online help center.

     

  • Geebo 8:00 am on August 11, 2023 Permalink | Reply
    Tags: , , , venmo   

    New scam targets Venmo users 

    New scam targets Venmo users

    By Greg Collier

    If you use the mobile payment app Venmo, there are already a ton of scams you have to look out for. However, most of them are about whom the user is sending money to. Remember, Venmo is only supposed to be used between friends and family. Most legitimate businesses and organizations do not request payment through Venmo.

    But now there’s a new Venmo scam that’s determined to empty your account. The Ohio Division of Financial Institutions has issued a warning about the latest scam.

    The scam starts when the victim receives a text message that appears to have come from Venmo. The text asks the victim if their Venmo account was used in another part of the country. The message also contains a link to click on if you didn’t make that transaction.

    If the victim clicks on the link, they’re taken to a website that looks like it’s Venmo, but it’s actually a fake website designed to look like it. The fake website asks for the user’s log in credentials, and if they’re entered, the scammers can easily hijack the Venmo account and drain all the funds from it.

    So, how do the scammers know their victim has a Venmo account? In most instances, they don’t know. Scammers will send out these texts randomly while hoping someone will take the bait.

    There are a couple of ways you can protect yourself from this scam. The first is to never click on any links that appear in text messages from people you don’t know personally. Instead, log in to your Venmo account and review it for any potentially fraudulent charges. The other way is to enable two-factor authentication on your account. If your device has a fingerprint reader, it’s recommended to use that as your 2FA method as the fingerprint will be tied to your device, and not something that can be easily duplicated.

    And if Venmo is being used in a scam like this, it’s only a matter of time before it comes to Zelle, PayPal, and Cash App.

     

  • Geebo 8:00 am on July 20, 2023 Permalink | Reply
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    Scam Round Up: Fake cops threaten tenants and more 

    Scam Round Up: Fake cops threaten tenants and more

    By Greg Collier

    Our first scam of the day comes to us from a warning from the New York City Police Department. The NYPD says they’ve seen an increase in a charity scam that involves Venmo and your phone. Scammers are approaching NYC residents while pretending they’re working for a charity.

    The scammers will ask for a donation through the personal payment app Venmo. The victim will be provided the information to make the donation, but the donation won’t go through. This is when the scammer will ask for the victim’s phone to help them make the donation. Instead, the scammers are sending the entire amount of the victim’s Venmo account to themselves.

    The NYPD is telling residents not to hand their phones over to strangers, especially if they’re asking for donations. Please keep in mind, Venmo was intended to be used between family and friends.

    ***

    We’ve been keeping a close eye on the scams that involve AI-generated voice-spoofing. Scammers will take someone’s voice either from social media or their voicemail message and run it through an AI voice program that will allow them to make someone’s voice say just about anything they want. Typically, voice-spoofing is used in the grandparent and virtual kidnapping scams. In these scams, scammers need the victim to believe they’re talking to a loved one.

    The most recent report we have on this is out of Atlanta, where a mother was confronted with this scam. She received a call she thought was from her adult daughter. She heard her daughter’s voice before someone on the call said her daughter saw something she shouldn’t have and has now been kidnapped. The caller demanded $50,000 in ransom.

    Thankfully, her husband was able to get a hold of her daughter, who was in no real danger.

    If you receive a phone call like this, always try to reach the person who has been supposedly kidnapped through other means. Even if you have a full conversation with someone who sounds just like your loved one, always verify the story. Ask them a question only they would know, or set up a family code word ahead of time that would signify who you were talking to.

    ***

    Residents of Newark, New Jersey, have reported that people posing as police have been going around to tenants and demanding multiple months worth of rent. If the phony officers don’t get the money, they threaten the tenants with eviction and arrest.

    In New Jersey, an eviction can’t be carried out until the landlord has received a judgment in court.

    If you’re renting your home or apartment, you should familiarize yourself with your state’s or county’s eviction process.

    Also, keep in mind, legitimate police will never show up at your door asking for your rent money. If someone claiming to be police does show up at your door, call the police department they’re supposedly from and verify if an officer has been dispatched to your home.

     

  • Geebo 9:00 am on February 3, 2023 Permalink | Reply
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    The Digital Trap: How Technology leaves the Young Vulnerable to Scams 

    By Greg Collier

    When we discuss older Americans being susceptible to scams, it’s usually because of their unfamiliarity with some modern technology. However, being too familiar with tech can also make someone vulnerable to scams.

    For example, young people, who use payment apps like Cash App and Venmo regularly, could be convinced to use those apps to their own detriment.

    Recently, a college student from Louisiana fell victim to a phony check scam. She thought she was applying for a job as a nanny. The scammers sent the student checks for thousands of dollars, and told her to deposit them in her own bank account. She was then instructed to send out payments for things like appliances and cleaning supplies. These payments were sent out through the Zelle and Venmo apps.

    Afterward, the bank discovered that the checks were fraudulent, but the student had already sent out all the money. In these cases, the banks hold the account holder responsible for the lost money, even if it was lost through deceitful means.

    Statistically, younger people are just as vulnerable to scams as the elderly, if not more so. This is possibly because of their unfamiliarity with traditional banking transactions. This is not intended as a criticism of young people, but rather a reminder that not everything needs to be done digitally.

    As far as this scam goes, never deposit any checks intended for business into your personal account. Real employers will never ask you to do that. Anyone who asks you to deposit a check then asks you to make payments for them is just trying to scam you.

    Lastly, apps like Zelle, Venmo, and Cash App should only be used with friends and family. These apps make it too easy for scammers to cash out and disappear after taking your money. The companies behind the apps are typically helpless to do much after the transaction goes through, or so they say. So, if you do get scammed through these apps, a refund probably isn’t likely. Please keep in mind that while these apps may be popular in your social circles, most legitimate businesses do not accept payments through them.

     

  • Geebo 9:00 am on January 5, 2023 Permalink | Reply
    Tags: army, , , pay scam, , venmo   

    Pay scam targets junior military members 

    Pay scam targets junior military members

    By Greg Collier

    For the newest members of our nation’s military, life can be rough. A bunch of 18-year-olds are embarking on their first journey into the real world while being shipped to any number of training camps states away from their homes and family. Now, imagine these fresh recruits with little life experience are being targeted in a scam designed to steal their money. You can hardly blame them for falling victim to such a scam.

    Fort Huachuca in Arizona, Fort Benning in Georgia, and West Point military academy, are all warning new recruits about a pay scam that leaves their victims without money. Scammers are posing as high-ranking military officials and calling the recruits to tell them that there is something wrong with their pay. The recruits are then instructed that in order to receive their pay and back pay, the recruit needs to first send money through Venmo, Cash App, Zelle, PayPal, or Apple Pay. Recruits who hesitate on sending the money are threatened with disciplinary action. According to one report, 74 soldiers have recently lost a total of $143,000 to pay scammers.

    According to the Army, if there really was an issue with a recruit’s pay, the matter would be handled at the recruit’s supporting military pay office. Even when serving in the military, no one should ever have to pay money to get money. Anyone who is asking a recruit to do so is more than likely a scammer. If you’ve been affected by this scam, the Army requests that you report it immediately to your chain of command. A complaint can also be filed with the Internet Crime Complaint Center.

    If you have a friend or family member who recently entered the service, no matter which branch they’re serving with, you may want to share this story with them. Serving our country is already a difficult task. Our men and women of the armed services should not have to deal with scammers like this.

     

  • Geebo 9:00 am on December 2, 2022 Permalink | Reply
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    Buying a puppy for Christmas? Watch out for these scams. 

    Buying a puppy for Christmas? Watch out for these scams.

    By Greg Collier

    Before we get started, we’d like to say that if anyone is thinking about adding a puppy to your family this holiday season, please keep in mind that doing so is a long-time commitment. Pets like this are not meant to be impulse buys and can live up to 20 years. Pet owners should always make sure they’re ready for that kind of dedication.

    Once that kind of decision is made, there are a number of pitfalls a prospective pet owner needs to be aware of before making their purchase, as the online world is full of puppy scams.

    For one, pet buyers should be wary of websites that claim to have puppies at below-market prices. A family in Richmond, Virginia, thought they were paying $700 to a website for a Yorkie puppy. They paid the supposed breeder with Walmart gift cards. When someone asks for payment in gift cards, that’s a major red flag that this could be a scam, as once the money is gone from the gift cards it can rarely ever be reclaimed.

    After the family paid the $700, the scammers came back and asked for more money. Typically, scammers will claim they need additional payment for things like shipping insurance or a specialty crate for transfer.

    Anybody can create a website claiming to be selling puppies using pictures stolen off the internet. To prevent yourself from being scammed by websites like this, you can do a whois search on the domain name to see how long the website has been around. If it’s only been around for a short amount of time, that’s a pretty good indication of a scam. You can also do a reverse image search to see if the pictures used on the website can be found anywhere else.

    A family from Greensboro, North Carolina befell a similar fate recently. A friend of theirs on social media said they were giving away puppies for a rehoming fee of $100. The family sent the fee through Venmo, but the friend claimed the payment didn’t go through and kept asking for the fee. It turns out that the friend’s Facebook page had been hijacked by scammers. It’s recommended, in this instance, to talk to the friend on the phone before sending any money. Like gift cards, once you send money through apps like Venmo, it’s gone.

    As always, when it comes to adding a new puppy to the family, we recommend only shopping locally and through reputable breeders. Contain your search to a reasonable driving distance, and do your due diligence when researching the breeder themselves. Check with the Better Business Bureau for complaints about the breeder.

    However, even more so than that, we ask that you consider adopting a puppy or even an adult dog from your local shelter. Shelter dogs are only there through no fault of their own and can be obtained at little to no cost.

     

  • Geebo 8:00 am on October 4, 2022 Permalink | Reply
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    College students still vulnerable to job scams 

    College students still vulnerable to job scams

    By Greg Collier

    College students and other young adults tend to be more technologically inclined than previous generations. Unfortunately, being more comfortable with modern tech can lead young people into a false sense of security. When it comes to finding a job, many of the analog ways of older generations are still in effect. Scammers will take advantage of the convenience of tech while using the anonymity it can sometimes afford them. This chicanery has become very prevalent in the job market. With many young people striking out on their own for possibly the first time, they could easily fall victim to job scammers.

    This recently happened to a college student in Texas. She was searching for a job online and more than likely had posted her resume on employment platforms. She received a text message that claimed to be from a textile company in Chicago, offering her a job. The position was a remote data entry position that offered close to $40/hr along with benefits and a 401K. All interviews and follow-ups were done through text or messaging app. The student never saw the face of anyone at the supposed company.

    She was hired almost on the spot. She was then told she would need equipment for the position. The student was then sent two checks that added up to $10,000. The company instructed her to deposit the checks and use the money to buy the equipment she needed. She was told to use specific vendors and that she could pay them through Venmo or Cash App. When payment wouldn’t go through on either of those apps, she was told to wire the money. The checks turned out to be fraudulent, which not only wiped out her savings but left her in debt to her bank.

    Those that are inexperienced in the job market may not be aware that businesses do not use apps like Zelle and Venmo to pay for business expenses. Even those who have years of job experience may not know that legitimate businesses, even those offering remote positions, do not send checks that the employee is supposed to deposit in their own bank account to use for business expenses. The fake check scam is one that has been duping job applicants for years now.

    If colleges and universities are not doing do already, scam awareness should be part of the orientation process. If you know a young person who is attending college, you may want to let them know about the scams that specifically target them, like this one.

     

  • Geebo 8:00 am on September 7, 2022 Permalink | Reply
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    Hacked phone call leads to business scam 

    Hacked phone call leads to business scam

    By Greg Collier

    It almost seems like anything can be turned into a scam these days. Granted, this is a blog that mainly focuses on scams. As the saying goes, when you’re a hammer, everything looks like a nail. However, there used to be a time when you could call a local business, leave them a voicemail, and expect a call back from that business. Now, it seems, that even that is at risk from scammers.

    According to the Better Business Bureau, a woman from Pennsylvania left a voicemail with a local concrete company. She needed some repair work done. Instead of getting a phone call, she received a text that claimed to be from the concrete company. The text asked for a picture of the repairs that needed to be done and a $50 deposit paid through Venmo. If you’re unfamiliar with Venmo, it’s a personal payment app on your phone that is supposed to only be used between family and friends.

    The victim then received another text asking for another $50 before she was asked to pay for 50% of the price of the job. All these payments were supposed to be paid through Venmo. It was at this point the woman called the actual concrete company, who told her that they weren’t the pones behind the text messages.

    It turned out that the concrete company’s voicemail service had been hijacked by the scammers. Who knows how many customers the scammers took advantage of in this way?

    Now, we’re not saying that this type of scam is a national crisis. This is the first we’ve heard of this type of scam. However, it is something to keep in mind if it does become a bigger problem.

    Another thing to keep in mind is when a supposed business asks for payment through an app. Whether it’s Venmo, Cash App, or Zelle, these apps are only intended for personal use and not for business. Even most local handymen and women have ways of accepting payment through credit or debit cards. Any business that asks for payment through one of these apps may not be on the up and up.

    If you feel like things aren’t on the level when dealing with a business, don’t be afraid to end communication.

     

  • Geebo 8:00 am on April 22, 2022 Permalink | Reply
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    Cash flipping scam not confined to one app 

    Cash flipping scam not confined to one app

    By Greg Collier

    We’ve discussed cash flipping scams in the past. They are mostly associated with the payment app Cash App. Cash App has giveaways on Fridays that they call #CashAppFridays. If you follow that hashtag on Twitter or Instagram, you could be eligible for a cash prize from Cash App. This has led to a number of scammers who have hijacked the hashtag to commit the cash, or money, flipping scam.

    The scammers try to convince their victims that they’ll give the victims a lot of money in exchange for a little money. For example, a scammer may promise victims $500 if the victims send the scammers $50 through Cash App. Once the victim sends the money through Cash App, the scammer blocks the victim and keeps their money. Cash App policies have been said to give little recourse to victims in scams like this. Payments can often only be refunded if the person who receives the payment cancels the transaction.

    More recently, the cash flipping scam has migrated from Cash App and onto other payment apps such as Venmo and Zelle. A Sheriff’s Office in South Carolina has recently warned residents there that the scam was finding victims. The Sheriff even said that it’s almost impossible to recover your money once it’s sent to a scammer, since transfers are made instantly, making it incredibly difficult to find the scammer.

    As we always say, cash flipping is not a real thing. You wouldn’t give money to a stranger on the street who promised to invest it. So, why would you give it to a stranger on social media? It’s understandable that people in dire financial straits may be desperate enough to do anything to keep their heads above water. However, there is no true way to get rich quick, and if someone tries, they could find themselves in deeper financial trouble than before.

     

  • Geebo 9:00 am on March 4, 2022 Permalink | Reply
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    Scam Round Up: QR Codes, Good Samaritan scam, and more 

    Scam Round Up: QR Codes, Good Samaritan scam, and more

    By Greg Collier

    Once again, we’re bringing you a trio of scams we’ve discussed before, but now have a slight new angle to them.

    ***

    The last time we mentioned QR codes, they were being used in a parking scam in Texas. Now, the Attorney General of North Carolina is warning about QR code scams in the Tarheel State. Many businesses are using QR codes for customers to scan to see things like menus on the customer’s phone. This helps cut down on potentially coming in contact with COVID-19. The NC Attorney general is saying scammers are replacing QR codes used by businesses with stickers of the scammer’s QR code. These scam codes can take you to malicious websites that will either ask you for personal information or inject spyware on to your device which could compromise any of your online accounts. Before scanning a QR code in public, make sure the code has not been tampered with and do not download any software the QR code may instruct you to do.

    ***

    Speaking of North Carolina, for our next story we go to Charlotte where a man was scammed out of $4000 for just trying to be a good person. The man lent his phone to another man who said he needed to use the phone for an emergency. The other man made a call then said he needed to text his sister since the connection was bad. What the other man was really doing was accessing the man’s Venmo app and sending $4000 to himself. The victim didn’t realize his money was gone until two days later. If you use any payment app like Zelle, Venmo, Cash App, or PayPal, among others, there are security measures you can enable to prevent this from happen. You can enable a PIN to keep strangers out of these apps if they happen to access your phone. You can also use a fingerprint lock for devices that are equipped with a fingerprint scanner. It might be a slight inconvenience, but it will help keep thieves out of your financial accounts. And as an additional precaution, you really shouldn’t keep thousands of dollars in apps like Venmo.

    ***

    If you’re in college or even went to college, you may have imbibed in illicit indulgences. Even though it’s legal in many places now, if you engaged in that activity, running into campus police was always one of your biggest fears. In New Mexico, the substance in question is legal, if you’re older than 21. In college, age restrictions usually don’t stop those who are under the legal age limit from partaking. Now, scammers are looking to take advantage of that fear. They’re posing as the New Mexico State University Campus Police and threatening their victims by telling them that the victim is being investigated for a narcotic crime. The scammers are threatening students with arrest if they don’t comply with giving the scammer their personal information. Like any other police impersonation scam, real police will not threaten someone with arrest over the phone. If you receive one of these calls, it is recommended you hang up and call the actual police at the non-emergency number.

    ***

    As we like to tell our readers, even though these scams are not currently happening in your area, now you’re prepared if they do.

     

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