BBB Warning: Scammers Find New Way to Get Your Cash

7/13/2011

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For Immediate Release – July 6, 2011 – Scammers are using a new method to siphon cash from consumers:  Green Dot MoneyPaks. MoneyPaks, which are sold in stores throughout the U.S., are reloadable debit cards normally used to make same-day payments or add money to prepaid cards or PayPal accounts. In recent weeks, BBB’s have noted a significant increase in schemes where scammers either tried to solicit – or were able to collect – payments via MoneyPak for merchandise, advance fee loans or sweepstakes prizes that all proved to be fraudulent or nonexistent.

 

Last week, a Cleveland woman called the BBB to report that she had received a call claiming she had won $2.5 million in the African American Sweepstakes. The caller said she had to pay a 1% fee on her winnings in order to collect. She was told to purchase a $250 Green Dot MoneyPak card and arrange a time for delivery.   

 

The next day, another woman reported she received a call informing her she had won a $250,000 sweepstakes conducted by Mega Box. The caller asked her to purchase a $172 Green Dot MoneyPak card to pay for certain fees before she was allowed to get her prize money.

 

Both companies used phone numbers with an 876 area code.  Although easily mistaken for a toll free area code, the 876 area code is actually assigned to Jamaica.  In addition, federal law prohibits the requirement of any fee in order to receive prize winnings.

 

BBB advises consumers to protect themselves from similar scams in the following ways:

 

·         Be wary when receiving calls from 876 area codes. Many telemarketing scams originate form this Jamaican area code.

·         Treat MoneyPak cards like cash. Unlike credit cards, MoneyPak transactions can never be reversed.

·         Be wary of websites or Craigslist advertisements linking to websites that require you to pay with a MoneyPak card.

·         Never give your MoneyPak number to someone you don't know.

·         If you're told you have pay to a fee -- via MoneyPak or wire transfer -- to collect a cash prize or sweepstakes winnings, you're being scammed.

·         If a website displays the MoneyPak or Green Dot logo, check www.moneypak.com for a list of approved MoneyPak partners.

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