Free money scams. I got a robo-call the other day. Someone was offering me $, for my business in free cash. I liked the sound of it, although I knew it was a scam. No legitimate bank or agency will call you up and offer you an unsolicited loan or cash for no reason. But many fall for this ruse, which goes by many names.

Free money scams

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Free money scams. Scams may come through phone calls from real people, robocalls, or text messages. The callers often make false promises, such as opportunities to buy products, invest your money, or receive free product trials. They may also offer you money through free grants and lotteries. Some scammers may call with.

Free money scams


To get your grant, simply give us your checking account information, and we will direct-deposit the grant into your bank account! In either case, the claim is the same: Others are more bold: FTC attorneys say calls and come-ons for free money invariably are rip offs.

Grant scammers generally follow a script: This article was previously available as Free Government Grants: Don't Take Them For Grant-ed. The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace. Federal Trade Commission Consumer Information consumer. Scammers pressure people to divulge their bank account information so that they can steal the money in the account. Always keep your bank account information confidential.

The names of agencies and foundations that award grants are available for free at any public library or on the Internet. The only official access point for all federal grant-making agencies is www. There is no such government agency. Take a moment to check the blue pages in your telephone directory to bear out your hunch — or not. Phone numbers can deceive. Some con artists use Internet technology to disguise their area code in caller ID systems.

Take control of the calls you receive. If you want to reduce the number of telemarketing calls you receive, place your telephone number on the National Do Not Call Registry.

To register online, visit donotcall. To register by phone, call TTY: File a complaint with the FTC. The FTC enters Internet, telemarketing, identity theft, and other fraud-related complaints into Consumer Sentinel, a secure online database available to hundreds of civil and criminal law enforcement agencies in the U. Looking for business guidance on franchises, business opportunities, and investments?


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