Economic Stimulus: How The Scam Works
This scam has been making a comeback this month, due to the insanely COVID-19 crisis. Typically, you receive a message, text or a voicemail informing that the country’s economy finally recorded a surplus at the end of last year, well-deserved after the crisis – and there is money to be given away as an economic stimulus. However, now the scam has inversed the scenario, announcing that you can benefit from the stimulus by applying for financial assistance during the Coronavirus pandemic.
The recipients of the message are encouraged to visit a website where they should register and check for eligibility, to get the money. If you get accepted (everybody is) the scammers also require you to pay a “governmental” tax in order to receive the big fat stimulus check.
Watch the video below to see in action a different variation of the Economic Stimulus scam exposed:
Economic Stimulus Scam: How to Avoid
Do not fall for this scam; this is not how official economic stimulus plans are announced. Here is the official list with Government grants for individuals and businesses, as well as many financial assistance links for citizens from the US, UK, Canada and Australia.
Check the daily newspapers, whether is online or on paper. News from the Government doesn’t come via phone calls.
Economic Stimulus Scam: How to Report
Make your family and friends aware of the Economic Stimulus Scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission (FTC) using the link below:
How to protect yourself more:
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