A brand new scam tracker risk report is out from the Better Business Bureau and we had Troy Baker LIVE on ‘the four’ to break it down.
Here are the top five riskiest of 2019.
Employment
A job offer comes with high pay, options to work remotely, and flexible hours. To get the job, a candidate must complete forms that require personal and/or sensitive information and may be required to “purchase equipment” with part of the proceeds of what turns out to be a fake check.
Cryptocurrency
Cryptocurrency is purchased from, traded by, or stored with a person or exchange site that turns out to be fraudulent. Sometimes these digital assets are purchased as part of a fraudulent initial coin offering (ico), in which investors are scammed into paying money or trading digital assets for a company or product that never materializes.
Online Purchases
A buyer makes a purchase online from an individual seller or company, but the item never arrives. Or, in other scenarios, a person sells an item online, but the check received for payment is fake.
Fake Check/Money Orders
A check is sent to a consumer that contains an “accidental overpayment” or some other overage. The consumer is asked to wire back the excess money. The checks appears real and “clears,” so the consumer thinks it is okay to withdraw funds, but weeks later the bank discovers the check is phony. The consumer now owes the withdrawn funds to the bank plus penalties and fees.
Advance-fee Loans
A loan is “guaranteed,” but comes with upfront charges, including taxes or “processing fees.” When the charges are paid, the loan never materializes and the applicant is left with larger debts.
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