Economic Stimulus Grant Scam: How It Works
(with video below) You receive a letter or an email that appears to be from the government informing you that you qualify for a grant under the federal economic stimulus plan. The letter tells you that your sector was one of several selected to receive the money.
It adds that the money is only intended for retraining in a different center or as part of a bailout for the industry you worked in before.
Either way, you’re not a fool and don’t make a habit of saying “no” to free money. To receive the grant, you need to fill out an online form with your Social Security Number, personal information and banking information so they can make the transfer.
Unfortunately, the minute you submit the form is the one you’ve given away your savings and invited someone to steal your identity.
Watch the video below to see in action a different variation of the Economic Stimulus Scam exposed:
Economic Stimulus Grant Scam: How To Avoid
A phone call to the government is always a good idea before you give away your information. Don’t trust the contact information on the letter, look up your bank’s number online.
Talk to the department whom the letter says is responsible and find out if there is such a program. Otherwise, you could be sabotaging your future.
Economic Stimulus Scam: How To Report
Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
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