Hang Up On Phone Fraud

Unfortunately, these days when your phone rings it is likely a robo call or phone scam instead of friends or family. One of the most common ways scams occur is via phone. Below are a few examples of phone fraud to be aware of:

Bogus products or services

Use high pressure sales to trick victims into purchasing vitamins, anti-aging products, health services or even more expensive things like vacations.

Sweepstakes and lottery scams

A victim is told they have won a sweepstake or lottery but must pay “fees and taxes” to obtain their winnings.  A check may even be sent to the victim. A few days after being deposited, the check bounces. During that lag time, the criminals will quickly collect money for the “fees and taxes” on the prize-which they pocket.

 Fake emergencies

An imposter claims to be in trouble and requests money for rent, bail or medical expenses.  Often the payment is requested through wire, Western Union or gift cards. To sound more realistic, the scammer may use personal information found online, such as a child or grandchild’s actual name.

Charity scams

Callers claims to represent a charity seeking money to pay for disaster recovery or aid to victims.  The money goes into the criminal’s account. Money is solicited for fake charities.  To protect yourself from phone scams, never feel pressured to make a quick decision. Always ask for paperwork or documentation before sending money. Call the organization or person at a number you’ve looked up to verify the claim.  And never give out any type of account number, card number, social security number or bank information to someone who called you.

If you have any questions, please contact your local banking center.