By Daniel Rich
Unsolicited telephone calls are a common source of fraud or a scam. The caller will most frequently offer to give you car, home, life insurance, or burial insurance plan quotes. I have researched these and have uniformly found these quotes to be higher than what I am currently paying.
Some callers will tell you that you have won a free or low-cost vacation trip, usually with a choice of dozens of locations. These are outright scams and even more inappropriate now with COVID-19 travel restrictions.
Other callers will tell you that you have won a free medical alert system or a free home security system. What they will not tell you is that there is a monthly service charge.
You may receive a call from someone claiming to be from the IRS claiming that you owe taxes and that if you don’t send them an immediate payment using gift cards, they will contact the police. The IRS does not conduct business by telephone, and additionally, they do not threaten you with police action.
A caller may advise you that because you are a reliable taxpayer, the government will give you a grant, typically $40,000. All you have to do is send in $200 worth of gift cards! Totally bogus, of course!
You may be told that the caller is investigating bank fraud and that they will get a large sum of money, but to show good faith, you need to send money. Don’t fall for that nonsense.
Offers to sell you an…