Money Monday: 6 Financial Scams to Watch Out For

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  • Financial Scams
  • Top Over-Payment/ Fake Check Scam: Car Ads
  • Top Emergency Scam: Grandparents Scam
  • Top Employment Scam: Mystery Shopping
  • Top Advance Fee/ Prepayment Scam: Nonexistent Loans
  • Top Sweepstakes/Lottery Scam: Jamaican Phone Lottery
  • Top Sales/Rental Scams: Real Stars Fake Goods
  • Don't Get Hooked

Top Emergency Scam: Grandparents Scam

A grandchild/niece/nephew/friend is traveling abroad and calls/texts/emails to say he or she has been mugged/arrested/hurt and needs money right away (“…and please don’t tell mom and dad!”). Plus, the FBI says that, thanks to social media, it’s getting easier and easier for scammers to tell a more plausible story because they can use real facts from the supposed victim’s life (“Remember that great camera I got for Christmas?” “I’m in France to visit my old college roommate.”) (Photo: San Jose Mercury News/MCT /Landov)

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