Common Consumer Scams Someone who pretends to be a family member or friend calls or e-mails you Relative in need to say they are in trouble and need you to wire money right away. You get a call or letter from someone asking for for a fake Charity appeals the charity does not exist or the charity did not call or write to you. You get a call or e-mail that you have a chance to win a lot of money through a foreign country’s sweepstakes or lottery. The caller will offer tips Lottery or sweepstakes about how to win if you pay a fee or buy something. Or the caller or e-mail says you already have won and you must give your bank account information or pay a fee to collect your winnings. Scammers take money for repairs and then they never return to do the Home improvement work or they do bad work. Sometimes they break something to create more work or they say that things need work when they don’t. Scammers invite you to a free and seminar, and then pressure you to Free lunch give them information about your money, and to invest the money with them. They offer you or returns.” “tips” “guaranteed Scammers say you’ve won a free trip but they ask for a credit card number Free trip or advance cash to hold the reservation. You get a call or letter that seems to be from a government agency. Scammers say that if you give a credit card number or send a money order, Government money you can apply for government help with housing, home repairs, utilities, or taxes. Scammers pretend they are with Medicare prescription drug plans, and try to sell Medicare discount drug cards that are not valid. Companies with Drug Medicare drug plans are not allowed to send unsolicited mail, emails, or phone calls.
Common Consumer Scams Relative in need Someone who pretends to be a family member or friend calls or e-mails you to say they are in trouble and need you to wire money right away. Charity appeals You get a call or letter from someone asking for for a fake the charity does not exist or the charity did not call or write to you. Lottery or sweepstakes You get a call or e-mail that you have a chance to win a lot of money through a foreign country’s sweepstakes or lottery. The caller will offer tips about how to win if you pay a fee or buy something. Or the caller or e-mail says you already have won and you must give your bank account information or pay a fee to collect your winnings. Home improvement Scammers take money for repairs and then they never return to do the work or they do bad work. Sometimes they break something to create more work or they say that things need work when they don’t. Free lunch Scammers invite you to a free and seminar, and then pressure you to give them information about your money, and to invest the money with them. They offer you “tips” or “guaranteed returns.” Free trip Scammers say you’ve won a free trip but they ask for a credit card number or advance cash to hold the reservation. Government money You get a call or letter that seems to be from a government agency. Scammers say that if you give a credit card number or send a money order, you can apply for government help with housing, home repairs, utilities, or taxes. Drug Scammers pretend they are with Medicare prescription drug plans, and try to sell Medicare discount drug cards that are not valid. Companies with Medicare drug plans are not allowed to send unsolicited mail, emails, or phone calls.
201510_cfpb_msem-template-fiduciaries.docx