Government Imposter Scams Victimizing Young and Old

A new study from the Better Business Bureau reveals that 44% of Americans have encountered a government imposter scam. The BBB estimates victims have collectively lost hundreds of millions of dollars to these cons.

REPORT HIGHLIGHTS

• Contact is primarily by phone – 96%
• People between 20 – 50 y/o were more likely to lose money.
• People over 60 lost more money
• The median amount lost $960
• The median amount lost over 60 y/o $2,700
• Victims paid via
  • Gift Cards 58%
  • Wire Transfer 13%
  • Cash by mail or Federal Express

MOST IMPERSONATED GOVERNMENT AGENCIES

Social Security Association

Mainly robocalls; however, they are sending emails with official-looking attachments.

• Increase in benefits
• SS# has been suspended
• SS# used in a crime

IRS

COVID19

• Process stimulus money quicker.
• CDC
• Contact Tracing
• Money Mules

Jury Duty

• Failed to report

Custom & Immigration

• Passport or visa issues

Government Grants

• Free Money

RED FLAGS

1. IRS generally contacts by mail
2. Don’t pay using gift cards
3. IRS will not request personal or financial info by email, text, or social media.
4. Social security numbers are never suspended
5. Caller ID can’t be trusted
6. Social Security Administration will not threaten to arrest you.

For more information, go to BBB.org.

Press release provided by the Better Business Bureau Northwest and Pacific