One of the ways scammers try to separate you from your hard-earned money is by impersonating trusted organizations you know. Imposter scams come in many different forms. The Federal Trade Commission (FTC) recently issued an alert about a phone scam involving its department. Here’s how it goes:
Someone claiming to be an FTC official (who’s really a scammer) calls to say a phone was registered under your name and number and is being used to commit scams in another country. The “FTC official” even reads off their badge ID (it’s a fake badge). If you don’t cooperate, they threaten to deactivate your phone number. Sounds scary? That’s (unfortunately) the point.
To keep making the story sound real, the FTC impersonator will transfer you to a (fake) police officer to file a report. If you hesitate, they might have you call back the police department directly. They’ll tell you what to search online to find the number. It feels like you’re verifying the story, but it’s all part of their scheme. And when you call, people involved in the scam pick up.
They ask for your ID and other personal information for your “report” and tell you to keep everything secret. Later, you get more bad news: They claim you’re under arrest for the scams your phone number was associated with — and they say you have to go to another country. Unless you send money for a security deposit.
None of this is true — it’s all a scam.
If you have received a call like this, you are encouraged to report it here.
As a consumer today, it can feel overwhelming trying to stay ahead of all the methods scammers will employ. Even the most savvy person can fall prey to fraud. Any time you receive a call or email asking for personal information, or threatening you, that is a sign to pause and think before you respond. When you feel something is not right, follow your instinct and do not engage. If you believe you have been a victim, be sure to report it to your financial institution right away.