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Holiday Fraud Scams

by MSDFCU | Nov 26, 2019
Fraud scams are present throughout the year. This holiday season, we are asking you to have a heighten awareness as we begin to see an increase in scams

Fraud scams are present throughout the year.  This holiday season, we are asking you to have a heighten awareness as we begin to see an increase in scams. Some of the popular scams include:

  • Unreal relatives in distress where usually grandparent is asked to wire or send money to a grandchild in trouble
  • Phony charities – check out the charity
  • Check overpayment scam - someone buys something from you, usually online, makes payment with a fraudulent check made out for more than the agreed upon price, then requests you send them the amount of the overpayment
  • Romance scam – scammers strike up a relationship with their targets to build their trust, sometimes talking or chatting several times a day. Then, they make up a story and ask for money.  Or they will obtain their target’s bank information and ask them to deposit a check then end up wiring out the funds to their (scammer’s) account.

What can you do?

  • Don’t be afraid to ask questions.
  • Don’t cash checks if you don’t know the source.
  • Review your account often.
  • Contact the authorities if you believe you are the victim of a scam.

Click button read more about other scams such as

  • Online scams
  • Package Delivery scams
  • Public wi-fi
  • Charity scams
Learn More