Money Monday: 6 Financial Scams to Watch Out For

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  • 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
  • Financial Scams
  • Top Over-Payment/ Fake Check Scam: Car Ads
  • Top Emergency Scam: Grandparents Scam

Top Sweepstakes/Lottery Scam: Jamaican Phone Lottery

In this one, the calls come from Jamaica (area code 876) but the person claims to represent the BBB (or FBI, or other trusted group). Great news: you’ve won a terrific prize (typical haul: $2 million and a Mercedes-Benz) but you have to pay a fee in order to collect your winnings. There are lots of variations on this; sometimes it’s a government grant. (Photo: Tim Boyle/Getty Images)

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