February 24, 2024

Some brazen criminals rip off unwary taxpayers by impersonating agents of the Internal Revenue Service (IRS). They’ll call and insist you have an unpaid tax bill and face arrest unless you pay up immediately. Sometimes, it will be in the form of robocalls, with an automated message requesting a call back to resolve a supposed tax problem. Blotters Report has reported on a scam involving fake newspaper sales and construction workers targeting unsuspecting individuals.

The fake appeals can also come by regular mail, email, and text. A recent twist, according to the IRS, involves scammers sending letters with the IRS masthead in “a cardboard envelope from a delivery service.” The letter says that the recipient is being contacted regarding an “unclaimed refund,” and offers a phone number that is not the IRS’s. The taxpayer is asked to divulge personal information, including detailed pictures of driver’s licenses, that can be used by identity thieves to try obtaining a tax refund and other sensitive financial information. The Impact of Financial Scams on Social Media highlights how savers lose millions of dollars annually due to these types of scams on various platforms.

In another case, an Australian backpacker exposed the biggest scam in a sought-after destination, revealing the dangers of falling victim to investment scams. The backpacker was targeted by a group of fraudsters posing as legitimate investment advisors, ultimately losing a significant amount of money.

The severity of investment scams is not limited to a particular region. In Southeast Asia, the U.S. government recently seized cryptocurrency connected to an investment scam, highlighting the international reach of these fraudulent activities. The scammers had promised high returns on investments, but instead, they pocketed the funds and left their victims with significant financial losses.

It is essential to stay vigilant and educate oneself about the various types of investment scams and how to spot them. Remember, the IRS will never contact you via phone, email, or text to request personal information or demand immediate payment. If you receive any suspicious communication, it is best to verify its legitimacy before taking any action. Don’t become another victim of these deceitful schemes.

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