Experts warn of holiday gift card scam
A new scam alert with the holiday shopping season in full swing, federal investigators, warning gift card fraud is surging, with tens of thousands already victimized.
Tis the season for gift by and tonight, the Federal Trade Commission warns it's also the season for a surge in gift card scams in just the first nine months of this year. The FTC reports. Nearly 40,000 people were scammed losing $148 million. Almost surely an undercount, here's how it works. Scammers email or call unsuspecting victims posing as a love interest company representative, even a government agent telling the victim they owe money and must pay now or they'll be arrested or their bank accounts frozen. The scammer tells the victims to buy gift cards at a local store, then read the card number to the scammer over the phone target gift cards were the most preferred by scammers. $2500. The median amount lost by consumers. Then gift cards from google play apple Ebay and walmart gift cards are for gifts, they're not from making payments. So if someone approaches a consumer saying that they need to make a payment using a gift card, it's a scam in Idaho Julia Hillary got an email claiming there was a fraudulent charge on her amazon account and providing a number to call back. When she did, the scammer told her to stay on the phone, go to the store and buy a $500 gift card to fix the problem thankfully the local store clerk recognized the scam and refused to sell her the card. I think she noticed I was on the phone, had the phone up to my ear. I think she noticed that I was probably looking a little panicked. She knew the signs and she caught on right away. The red flag, say fraud experts, unsolicited calls or emails saying you owe money. If anyone tells you to buy gift cards and read back the numbers, it's a scam. Social Security and the I. R. S. Will never call asking for personal information or money scammers target gift cards because they're not traceable. Once they're used, they're gone and getting your money back is nearly impossible Lester