3. Social security scam
An 85-year-old woman from Maryland received a call from someone posing as a federal agent who said her Social Security number had been stolen and used to rent a car involved in a violent crime. This incident had compromised both his social security and bank accounts, he was told, and both were to be “suspended.” To maintain access to the money she needed to pay her bills, she was told to go to a local store and convert her money in the bank to Bitcoin, then transfer it to a secure account that was created for her. She did – and lost $ 8,000 to impostors.
4. Student loan icon
An Indianapolis couple received a call from someone who said their government agency was managing the student loan debt cancellation program that President Biden had enacted. The caller just needed his social security and banking information to complete the request. The couple complied, but then became suspicious and reported the encounter to the bank in time to stop any loss.
5. FBI flimflam
A 79-year-old man in Pembroke Pines, Florida was contacted by a fake FBI agent who said he won a raffle for $ 1.9 million, but the money was withheld until he can pay the fees and taxes. He eventually sent $ 100,000 to what he believed to be the FBI’s consumer arm, and the money was not recovered.
The bottom line: Don’t let your instinct to cooperate with someone claiming to be in the federal government ruin you. This list of government practices should help you spot imposters.