Voice of the Consumer: Cryptocurrency scammers zero in on seniors

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KKTV 11 Information is as soon as once more teaming up with AARP ElderWatch Colorado and the Colorado Legal professional Common’s Workplace to convey you “Fraud Friday.”You might have seen the weekly phase on 11 Information at midday on Fridays. Each week, I test in with the specialists to seek out out which scams are making the rounds and easy methods to defend your self from changing into a sufferer. This time, we're specializing in cryptocurrency scams.“The Federal Commerce Fee (FTC) has mentioned that cryptocurrency is without doubt one of the commonest strategies of cost that scammers are asking for proper now and we're listening to the very same factor, as a part of the ElderWatch helpline from Coloradans everywhere in the state,” mentioned Mark Fetterhoff, AARP ElderWatch.AARP ElderWatch handles shopper complaints as a part of the legal professional common’s statewide shopper helpline, which you'll attain by calling 800-222-4444. Press Choice 2 to talk with AARP. One of many largest complaints the helpline has acquired currently is scams associated to digital foreign money. When you switch cash by way of cryptocurrency, it’s almost inconceivable to get it again.“It’s very very like reward playing cards and cash transfers — as soon as that cash is gone, (it) is gone,” mentioned Fetterhoff. “I feel it’s actually essential to know that some of the widespread scams that we’re seeing in regard to this cryptocurrency fad is that when scammers are pretending to be specialists in cryptocurrency or bitcoin, and so they may strategy you on a website like Fb and Instagram saying that they're an professional within the subject and so they may also help you make investments cash. It’s a purple flag of a rip-off.“I'd undoubtedly suggest not following the recommendation of a stranger on social media.”Solely scammers will demand cost by way of cryptocurrency. Professional companies and businesses is not going to ask you to pay a invoice that method. The FTC additionally mentioned you shouldn't belief individuals who promise they'll rapidly and simply make you cash. Scammers may also promise they'll get you free cash.“Simply do not forget that it’s a purple flag if somebody asks you to pay with bitcoin or cryptocurrency,” mentioned Fetterhoff. “When you don’t know what you’re doing and also you don’t perceive the way you’re paying, simply disengage with the particular person and in the long run you gained’t be shedding cash.”You may report scams and fraud to the statewide helpline or discover extra info at <a target="_blank" href="http://StopFraudColorado.gov" rel="noopener">StopFraudColorado.gov</a>. Be sure that to tune into 11 Information at midday every Friday for our “Fraud Friday” phase.

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