6 Scams Service Members Should Watch Out For _ USAA eu directives on money laundering


• look out for impostor scams

• be wary of employers asking for bank data

• avoid bad deals at car lots

• be suspicious of foreclosure-protection

• don’t share private data on social media

• don’t be phishing bait

Scammers frequently target members of the U.S. Military because many are young and financially inexperienced. And they’re receiving a steady paycheck guaranteed by uncle sam.

Don’t think you can’t become a target.

Military families filed nearly 99,000 scam and fraud complaints in 2015, according to the consumer sentinel network data book. Most of those folks probably thought it couldn’t happen to them either.

Here are some particularly pernicious scams to watch out for:

• impostor scams. In these schemes, a con artist, claiming to be someone you know or trust, encourages you to send money or share personal information.

For example: you get a desperate email from a friend who claims to be stranded in a far-off country who asks you to wire him money so he can buy a ticket home.Eu directives on money laundering

• job scams. Scammers also use online job ads promising special consideration for military personnel. When you apply, you’re asked to send additional personal information, such as checking or savings account numbers, allegedly so the fake employer can do a credit check or pay for a background check.

Learn more

• car scams. Used-car dealers sometimes offer dubious deals for service members. An unscrupulous dealer may sell you a high-performance sports car, for example, when all you can truly afford is an inexpensive compact. And their financing may saddle you with an unfairly high interest rate.

• foreclosure scams. An organization contacts you claiming it will save your home from foreclosure. It feeds on your fear of losing your home to charge an exorbitant fee for the service. Military personnel have special protections from foreclosure under the servicemembers civil relief act.Eu directives on money laundering if you’re worried your home may be facing a foreclosure, visit your installation legal office.

• card popping. This relatively new type of scam targets users of social media sites such as facebook see note® or twitter see note®. One of your online friends asks for your bank PIN or other personal information to use for ostensibly legitimate purposes, such as depositing a check. In exchange, the scammer promises to pay you a large fee. You discover too late that the scammer has used your account to deposit fraudulent checks and withdraw the cash. Now you’ve lost your money, and you could be facing fraud charges.

• phishing. These scams try to get you to give up information that thieves can use to access your accounts and wreak havoc. They can come through an email, a call or social media. Phishing scams can be very convincing, using official-looking logos and return email addresses.Eu directives on money laundering

Stay vigilant against these attacks. Safeguard your credit cards and never give personal information to an unauthorized party. Even if a call or email seems to be from your financial institution, check it out by contacting them directly.

If you’ve received a suspicious USAA email, text or phone call, or have visited a suspicious website, immediately send the information to abuse@usaa.Com.

USAA members who suspect they are being scammed should report it here.

Find out more at the USAA security center. Reduce your risk

Be less susceptible to online threats.