MoneyMoments | MidFirst Bank
10 Things Only A Scammer Will Say

Ten Things Only a Scammer Will Say

Scammers will say nearly anything to make you panic and follow their instructions. With technology that can make it appear they are calling from your bank, the government or other trusted sources, caller ID is unreliable. What do you do when you receive a call informing you of a problem?

First, don’t panic. Second, don’t automatically believe the caller is legitimate. Scammers can be convincing, but here are some things they may say that are a clue to beware.

Ten Things Only a Scammer Will Say:

  1. “Act immediately!” Pressuring you to act now is always a sign of a scam. Scammers apply pressure in hopes you will act before you think.
  2. “You’ll be arrested.” No one needs money or information to keep you out of jail or avoid fines or other catastrophic threats. Any threat like this is a scam.
  3. “Don’t tell anyone.”Scammers want to prevent you from talking to someone who may recognize the fraud, so they tell you to keep it a secret.
  4. “Only say what I tell you to say.” When someone tells you to lie to anyone about why you are withdrawing funds, it’s a scam.
  5. “I’ll pay you back.” If someone you met online asks for money to pay for an emergency, ticket to meet you or anything else, you are the target of a scam. Cut off all contact.
  6. “Risk-Free Investment Guaranteed.” Anyone who guarantees a high return with little or no risk is a scammer.
  7. Move your money to protect it.”Only scammers will tell you to transfer or withdraw money from your bank or investment accounts to protect it.
  8. “Withdraw your money and buy gold bars or cryptocurrency.” Thisis a scam. Always.
  9. “Withdraw cash and give it to someone.” There is never a legitimate reason to give cash to someone who demands it.
  10. “Send gift cards.” Gift cards are for gifting. Anyone who demands payment with gift cards is a scammer.

If you see or hear any version of these phrases, cease all contact with them. Discuss the situation with a friend, family member or your banker. Report the scam to the FTC at ReportFraud.ftc.gov.

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