"Beware: 10 Lies Scammers Use to Steal Your Money"

1 min read
Source: CBS News
"Beware: 10 Lies Scammers Use to Steal Your Money"
Photo: CBS News
TL;DR Summary

The Federal Trade Commission warns of 10 common lies scammers use to deceive people and separate them from their money, including creating a sense of urgency, instructing victims to lie, and making threats of arrest or deportation. Other tactics involve asking victims to stay on the phone, move money, buy gold bars, withdraw cash, use Bitcoin ATMs, or purchase gift cards. The FTC advises people to avoid responding to these tactics, hang up, delete emails, stop texting, block numbers, and report possible scams to the agency.

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