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Economic Stimulus

 

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 Video

 

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 citizen from the US, UK, Canada and Australia.

Check the daily newspapers, whether is online or on paper. News from the Government don'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:

Report To The FTC Here

 

How to protect yourself more:

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.

 

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TOP 3 MUST-WATCH FRAUD PREVENTION VIDEOS

Educate yourself with the videos below:

 

1. Top 5 Amazon Scams in 2020

 

2. Top 5 PayPal Scams in 2020

 

3. The Nigerian Scam [Docu-Drama]

This movie shows how a victim lost over $30,000 to an intricate scheme which is still around years later.




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