Tips To Protect Yourself From Telephone Fraud

October 13, 2008

One good indication of a scam is whether a caller asks for your bank account number or asks you to send money by wire transfer, such as Western Union or MoneyGram. Crooks prefer wire transfers because they are fast and the money can be picked up at many different locations.

Here are some tips to detect a scam and protect yourself:

  • Don’t fill in the blanks for the caller. If the caller says it’s your grandson, ask which one.
  • Confirm your real relative’s whereabouts. If your real grandson or granddaughter is at home, school or work, you know it’s a scam.
  • Don’t send money unless you have verified that your relative is in trouble.

“The likelihood of getting the money back once it is wired,” says Kristin Alexander a spokesman for the Washington Attorney General’s Office, “is slim to none.”

MoneyGram offers a comprehensive list of tips specific to common wire transfer schemes on its website.