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Common Financial Scams

Power of Attorney Fraud: Perpetrator uses legal rights to manage victim’s funds for personal gain.
Caretaker Fraud: Caretaker misuses elderly person’s funds.
International Lottery Fraud: Victim sends money to claim a fake lottery prize.
Fake Prizes: Victim pays taxes or fees for a nonexistent prize.
Online Sales Fraud: Victim refunds overpayment from a counterfeit check.
Social Security/IRS Scam: Victim is told they owe money or need to verify their SSN.
Advance Fee Fraud: Victim is promised a percentage for assisting in a scheme.
Pigeon Drop: Victim puts up money for a share of found cash or valuables.
Romance Scam: Perpetrator gains access to victim’s funds through a fake relationship.
Grandparent Scam: Perpetrator pretends to be a grandchild in trouble.
Financial Institution Fraud: Victim provides cash to bait a crooked employee.
Inheritance Scams: Victim shares personal info for a fake inheritance.
Employee Fraud: Perpetrator pretends to be a bank security officer.
Government Grant Scams: Victim provides account info for a fake grant.
Phishing/Vishing/Smishing: Victim supplies personal info through emails, calls, or texts.
Spoofing: Fake website mimics a legitimate one to steal login info.
Mortgage Closing Scam: Scammer alters wire instructions to steal down payment.
Stop Foreclosure Scam: Victim deeds property to perpetrator to stop foreclosure.
To report a scam visit ftc.gov/complaint

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