Five Tips to Avoid Lottery Scams

Posted by on Jun 11, 2016 in | 0 comments

Scam Wire Forum Forums USA – West Miscellaneous Five Tips to Avoid Lottery Scams

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    The Provocateur
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    Five Tips to Avoid Lottery Scams

    Las Vegas, Nevada – , According to the U.S. Senate Special Committee on Aging, lottery scams rank second on the list of fraud offenses reported by older adults, claiming thousands of victims each year.

    Lottery Sweepstake Scam - Scam WireThese scams, also known as the “advance fee scam,” involve fraudsters issuing counterfeit checks and fake award letters to consumers alleging that they have won a lottery or sweepstake raffle. The individual is instructed to pay taxes and fees upfront in order to claim their “winnings,” but after they send the money, they find out that they haven’t exactly won anything at all.

    “If you are told to pay a fee to win a lottery, more than likely it’s a scam,” said Crissy Semeraro, senior vice president and bank operations manager for Nevada State Bank. “Older individuals especially need to be reluctant of any prize letter and check they receive instructing them to pay upfront to collect their winnings.”

    Before you participate in any lottery or sweepstake, Nevada State Bank encourages you to keep these tips in mind:

    • Don’t be fooled by the appearance of the check. Scam artists are using sophisticated technology to create counterfeit checks that mirror the appearance of legitimate checks. Some are counterfeit money orders, some are phony cashier’s checks and others look like they are from legitimate business accounts. The companies whose names appear may be real, but someone has dummied up the checks without their knowledge.
    • Never “pay to play.” There is no legitimate reason for someone who is giving you money to ask you to wire money back or send you more than the exact amount —that’s a red flag that it’s a scam. If a stranger wants to pay you for something, insist on a cashier’s check for the exact amount, preferably from a local bank or one with a local branch.
    • Verify the requestor before you wire or issue a check. It is important to know who you are sending money to before you send it. Just because someone contacted you doesn’t mean they are a trusted source.
    • Ensure a check has “cleared” to be most safe. Under federal law, banks must make deposited funds available quickly, but just because you can withdraw the money doesn’t mean the check is good, even if it’s a cashier’s check or money order. Be sure to ask if the check has cleared, not merely if the funds are available before you decide to spend the money.
    • Report any suspected fraud to your bank immediately. Bank staff can help you determine if a check is fraudulent. If you think someone is trying to pull a fake check scam, don’t deposit it—report it. Contact your local bank or the National Consumers League’s Fraud Center, fraud.org.

    Link to original article…

    Nevada State Bank Offers Older Americans Five Tips to Avoid Lottery Scams in Recognition of May as “Older Americans Month”

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