"Michigan AG Warns of Persistent Venmo Scam Targeting Consumers"

1 min read
Source: MLive.com
"Michigan AG Warns of Persistent Venmo Scam Targeting Consumers"
Photo: MLive.com
TL;DR Summary

Michigan Attorney General Dana Nessel warns Venmo users about a scam where fraudsters use stolen credit cards to send money "accidentally" and then ask for it back. When Venmo identifies the transaction as fraudulent, it can withdraw the money from the user's account, leaving the scammer with the funds. Nessel advises caution with transactions involving unknown individuals and highlights other common money transfer scams. Victims are encouraged to report incidents to the Federal Trade Commission.

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