DID YOU KNOW?

Did You Know?
By Pierre Mouchette | Bits-n-Pieces

​Scammers do not fall prey to their scams!  We are writing this brief to let you know about some of their current favorites:

• Bitcoin - with cryptocurrencies becoming common, crooks are taking advantage of this new cash venue. 
  
  
• Credit/Debit Cards and Checks – rarely accepted by scammers since they can be easily tracked. 
  
  
• Peer-to-Peer Apps allow you to move funds quickly to another account.  Apps such as Venmo, Zelle, and Cash App are made for convenience for those who quickly move their money, but they do not offer the same protection as banks.  Never transfer to those that you do not personally know.
  
  
• Retailer Gift Cards – are a favorite with scammers.  These cards can be redeemed to purchase other gift cards which are untraceable.  Scammers often sell these cards at a discount online.
  
  
• Wire Transfers – convenient for sending funds, but the crooks use them too.  Money Gram and Western Union transfers are mostly untraceable and have limited protection.