Anytime you have to pay money to get money, it’s a scam.
Counterfeit Gold Bars and Coins Scam
In Greensboro, N.C., counterfeit gold bars and coins are circulating in the triad. The Reidsville Police recently shared on Facebook about fake gold items being sold at Kathye’s Pawn. The owner of the pawn shop has been arrested on three counts of Obtaining Property by False Pretenses.
False Pretenses Scam Through a Letter
This gold bar scam is just one example of many fraudulent schemes. One common scam starts with a letter claiming to be from the Federal Trade Commission. The letter states that the recipient is entitled to money from a lawsuit and needs to contact an attorney named Mike Rodgers, though the name can vary. This fake attorney then convinces the victim to convert their money into gold, ultimately leading to financial loss.
Various Scam Tactics
These scams may involve texts, calls, or computer pop-ups. Law enforcement agencies are actively warning seniors about these fraudulent practices as the number of reported cases continues to rise. It is important to note that the government does not communicate through text messages or phone calls.
Additional Insight
It is crucial to always be cautious of any situation where you are asked to pay money, fees, or taxes up front in order to receive a promised reward. Scammers often use various tactics to deceive individuals, so it is essential to stay vigilant and question any suspicious requests for payment.
