Scamfraud News

The latest scamfraud stories, summarized by AI

"Financial Columnist Charlotte Cowles' $50,000 Scam Shock"

New York magazine's financial columnist Charlotte Cowles fell victim to an elaborate scam, losing $50,000 to con artists posing as Amazon, FTC, and CIA agents who convinced her she was under investigation for money laundering. Despite her financial acumen, Cowles was manipulated into withdrawing the money and handing it over to a stranger, feeling violated and questioning her own judgment. Her detailed account serves as a cautionary tale about how even the most financially aware individuals can be deceived by scammers.

1 year ago•Source: The Daily Beast

Beware of Gift Card Scammers: Zero Balances and New Tactics

scamfraud

3.09 min•2 years ago

Beware of Gift Card Scammers: Zero Balances and New Tactics

After seeing a news story about a victim of a gift card scam, Wegmans called the victim, apologized, and provided him with a new $100 gift card. The scam, known as "card draining," involves thieves stealing gift cards, recording the serial and pin numbers, and draining the funds before the recipient even receives the card. Police have made recent arrests in connection with this scam, recovering thousands of tampered gift cards. To avoid tampered cards, it is recommended to purchase gift cards from the customer service desk rather than off the rack.

via News10NBC