Beware of “I have an emergency and need money” scam

scam

A new form of scam is in town now and if one is not informed about it, you can easily fall victim of it.

It is always a scenario of emergency where you just receive call from  an unknown person pretending to be a family member acting like he/she is in a critical situation therefore demanding you to transfer money to her or something else as a ransom.

If you’ve ever gotten one of those calls, you know how alarming they can be. And that’s exactly what the scammers count on. They want you to act before you think – and acting always includes sending them money: by wiring it or by getting a prepaid card or gift card, and giving them the numbers on the card. Either way, your money’s gone.

Here’s the story of Pablo Colón from Bridgeport, Connecticut, and his family. When both his sister and his father got a call about a family “emergency,” Pablo spotted the scam. And, luckily for the good people of Bridgeport, Pablo’s family owns a radio station – so he put the story on the air and warned his community.

Talking about a scam is important – even if only one person is listening, instead of the thousands who heard Pablo’s story. So watch this video. And then pass it on. Today, tell someone about this scam, about Pablo’s story, about why we should all talk about the scams we see.

Whenever you spot a scam, report to the Economic and Financial Crimes Commission and even the Securities and Exchange Commission or any other appropriate authority in your country.