The OCPD Public Affairs Office was recently informed of an attempted telephone scam involving an individual who claimed to work for Walmart. The person explained to the victim that they had won a large sum of money, as well as an all expense paid trip and all they had to do was give their credit card information to receive their price!! Luckily, the victim in this instance knew better then to fall for this attempted scam!! Here are a few great tips to assure that you do not fall for a telephone scam:
Recognize & Report Phone Fraud
Telemarketing fraud is a multi-billion dollar business in the United States. Every year, thousands of consumers lose as little as a few dollars to as much as their life savings to telephone con artists.
That’s why the Federal Trade Commission (FTC) encourages you to be skeptical when you hear a phone solicitation and to be aware of the Telemarketing Sales Rule, a law that can help you protect yourself from abusive and deceptive telemarketers.
Unlike most other crimes, telemarketing fraud requires one essential element: victim participation. We’re all potential targets, because fraud isn’t limited by race, ethnic background, gender, age, education, or income. But, if you’re age 60 or older, you may be a special target for people who sell bogus products and services by phone. The best way to protect yourself is to know the differences between legitimate offers and fraudulent ones.
How Telemarketers Contact You Cold Calls. Operators may get your number from a telephone directory, a mailing list, or what fraudsters call a “sucker list.” Sucker lists contain information about people who have responded to previous telemarketing solicitations, like their name, phone number, and how much money they spent. The lists are bought and sold by promoters. They are invaluable to scam artists, who believe that consumers who have been deceived once are vulnerable to additional scams.
Direct Mail. You may get a letter or postcard saying you’ve won a prize or a contest. This often is a front for a scam. The instructions tell you to respond to the promoter with certain information. If you do, you’ll be called by someone who may use persuasive sales pitches, scare tactics, and false claims to deceive you and take your money.
Broadcast and Print Advertisements. You may place a call in response to a television, newspaper, or magazine advertisement. The fact that you initiate the call doesn’t mean the business is legitimate or that you should be less cautious about buying or investing on the phone.
The Hooks Prize Offers. You usually have to do something to get your “free” prize, like attend a sales presentation, buy something, pay a fee, or give out a credit card number. But the prizes are worthless or overpriced.
Travel Packages. “Free” or “low cost” vacations can end up costing a bundle in hidden costs. You may pay a high price for some part of the package — like hotel or airfare. The total cost may run two to three times more than what you’d expect to pay, or what you were led to believe. Some “bargain” vacations may never happen at all.
Investments. People lose millions of dollars each year to “get rich quick” schemes that promise high returns with little or no risk. These can include movies or cable television production deals, Internet gambling, rare coins, art, or other “investment opportunities.” The schemes vary, but one thing is consistent: Unscrupulous promoters of investment fraud rely on the fact that investing may be complicated, and many people don’t research the investment process.
Charities. Con artists often push you for an immediate gift, but won’t send written information so you can check them out. They also may try to confuse you by using names that sound like well-known charitable organizations or even law enforcement agencies.
Reloading Scams. If you buy into any of the above scams, you’re likely to be called again by someone promising to get your money back. Be careful not to lose more money to this common practice. Even law enforcement officials can’t guarantee they’ll recover your money.
Foreign Lotteries. Scam operators — often based in Canada — are using the telephone and direct mail to entice U.S. consumers to buy chances in high-stakes foreign lotteries from as far away as Australia and Europe. These lottery solicitations violate U.S. law, which prohibits the cross-border sale or purchase of lottery tickets by phone or mail. And you may never see a ticket.
Medical Discounts. If you’re considering signing up for a medical discount plan, be aware of scam artists who are reportedly contacting seniors claiming to represent providers. All they really want is your personal information so they can commit financial fraud.
“Expiring” car warranties. Scammers find out what kind of car you drive, and when you bought it, so they can pitch overpriced — or worthless — extended car warranties.
REMEMBER THESE "TIP-OFF" PHRASES:
If you hear these — or similar — "lines" from a telephone salesperson, just say "no thank you," and hang up the phone.
"You've been specially selected to hear this offer."
"You'll get a wonderful free bonus if you buy our product."
"You've won one of five valuable prizes."
"You've won big money in a foreign lottery."
"You must send money right away."
"This investment is low risk and provides a higher return than you can get anywhere else."
"You have to make up your mind right away."
"You don't need to check our company with anyone"- including your family, lawyer, accountant, local Better Business Bureau, or consumer protection agency.
"We'll just put the shipping and handling charges on your credit card."
"You don't need any written information about our company or references."
How Can You Protect Yourself?
Don’t be pressured to make an immediate decision.
Don’t give your credit card, checking account, or Social Security number to unknown callers.
Don’t pay for something merely because you’ll get a “free gift.”
Get all information in writing before you agree to buy.
Check out a charity before you give. Ask how much of your donation actually goes to the charity. Ask that written information be sent to you so you can make an informed giving decision.
Don’t invest your money with an unknown caller who insists you make up your mind immediately.
If the offer is an investment, check with your state securities regulator to see if it’s properly registered.
Don’t send cash by messenger or overnight mail. If you use cash rather than a credit card in the transaction, you may lose your right to dispute fraudulent charges.
Make sure you know the per minute charge for any 900-number call you make.
Don’t agree to any offer where you have to pay a “registration” or “shipping fee” to receive a prize or a gift. If you have to pay, it’s a purchase — not a prize or a gift.
Don’t confirm your account information over the phone or by email. Some callers have your billing information before they call you. They’re trying to get you to say “okay” so they can claim you approved a charge.
Check out unsolicited offers with the Better Business Bureau, local consumer protection agency, or state Attorney General’s office before you agree to send money.
Beware of offers to “help” you recover money you may have lost previously. Be wary of callers saying they are law enforcement officers who will help you get your money back “for a fee.”
Don’t be afraid to say “no thanks” and hang up the phone
If you don’t want a business to call you again, say so. If they call back, they’re breaking the law.
Xulon Press http://www.xulonpress.com/bookstore/bookdetail.php?PB_ISBN=9781615794157
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