Tag: FTC Impersonators

Scammers lie and pretend to be an FTC employee to trick you into giving them money, access to your financial accounts, or your personal information. In a new twist, they falsely claim they’re an FTC “agent” that can help you recover money you lost in a scam. Here’s how this new FTC impersonator scam works.

With global attention focused on the conflict in Iran, it’s no surprise scammers have already added that situation to their story lines. Some recent reports to the FTC about imposter, romance, and fake charity scams include an Iran twist. The details change, but the scammer’s goal is always to trick you into paying or sharing your personal information. Here are some examples of these scams — and how to protect yourself.

All year round, scammers pose as government agencies like the Federal Trade Commission (FTC) to try to steal your money. Scammers sometimes make unexpected calls pretending to be FTC employees like Chief Privacy Officer John Krebs — but it’s not actually him. Here’s how the scam works so you can spot and avoid it.

Scammers like to pretend to be someone official to try to get your money. And who could be more official than the FTC chairman and commissioners, some of the nation’s leading fraud fighters? But here’s something important to know: nobody who works at the FTC will ever, EVER tell you to move your money to protect it. We won’t insist that you cash out your 401(k) or savings account and give that money to someone else.

Scammers posing as government agencies or well-known businesses are increasingly going after retirees’ life savings. They weave a web of lies about some bogus crisis. Then they trick older adults into giving them tens or even hundreds of thousands of dollars.

Scammers impersonating the government — including the Federal Trade Commission (FTC) — is nothing new. But here’s a twist: scammers are now calling themselves FTC “agents” and supplying fake badge numbers and ID cards to try to convince you they are who they say they are. (…They’re not who they say they are. The FTC doesn’t have “agents.”) So how do you avoid scams like this?

Using old tactics and new twists, scammers are impersonating government agencies, including the FTC, to try to steal people’s personal information and money. The FTC is committed to combatting these imposter scams, and there’s encouraging news these efforts are making a difference to American consumers.

Scammers lie and pretend to be someone they’re not to trick you into giving them money, access to your accounts, or your personal information. They pretend to be from a business you know or from a government agency — or both. In the latest twist on these constantly evolving schemes, scammers are claiming to be FTC Chairman Andrew Ferguson.

With scammers targeting our entire life savings with their schemes, we all need to be alert and know how to detect their latest tricks. Something as simple as talking about scams you know about is a great way to help you and your community stay protected. And being part of this solution doesn’t require training or a lot of time!

People are losing big money to scammers running complicated scams. Here’s how the scam works.