10 Sneaky “Deals” That Are Actually Money Scams
How do you tell the bargains from the boondoggles? Be alert for these common ploys that can end up costing you big.
The purchase or paycheck overpayment
This has rapidly become one of the most common scams. The basic concept involves someone sending you a check for something they want to buy or some type of work they want you to do. They will then instruct you to send most (if not all) of that money to someone else, claiming you need to pay for equipment or cover the cost of shipping or other expenses. One version of this scam purports to be a mystery shopping assignment, where you will supposedly be testing out Western Union or another money transfer service. Turns out, the check they sent you is bogus—but by the time you find that out, you’ve already sent money to this mysterious party. Now your bank account may be drained or overdrawn, and the bank will come after you for that money. Don’t fall victim to the latest gift card scam.