In this video Lynnette warns viewers about numerous coronavirus scams to avoid that are popping up during the COVID-19 pandemic.
Lynnette Khalfani Cox: Listen, guys. I want to warn you about three major scams going on right now where cyber thieves and crooks want to take your money. I don’t want this to happen to you.
The first one is about bank fraud. Right now, because we’re all living through the COVID 19 emergency, we’re finding a ton of scammers out there trying to steal your [inaudible 0:23] , sensitive data. Essentially, they’re asking you to give them your bank account information by pretending to be your bank, credit union, or other financial institution.
Don’t fall for that scam. Always double check. Call your institution if you have to, first, based on the number that you find on your statement. By all means, don’t give out your banking information to people you don’t know.
The second scam has to do with coronavirus cash or stimulus check scams. This is where people are basically trying to defraud you out of some of the stimulus money you might be getting. It might be that $1,200 check you’re getting. It might be some unemployment compensation you’re expecting.
Again, they’re trying to tap into your accounts or to get your sensitive data. Sometimes they’ll tell you to pay an upfront fee in order to help you to collect some of that stimulus cash. Don’t fall for it.
Finally, there’s crowdsourcing scams. We all want to help out, especially folks in need right now during the coronavirus crisis. I don’t want you to fall for scammers who are trying to pull at your heartstrings, really just to take you for a ride.
Be safe. Be smart. Look out for these scams. Don’t let cyber thieves and crooks steal your coronavirus cash.
Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, speaker, and author of 15 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom.
Lynnette has been seen on more than 1,000 TV segments nationwide, including television appearances on Oprah, Dr. Phil, The Dr. Oz Show, The Steve Harvey Show, Good Morning America, The TODAY Show and many more.
All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.