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COVID-19 and Coronavirus Scams to Avoid – Video

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Covid-19, Covid-19 Video, Scams
Reading Time: 2 mins read
Coronavirus Scams
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In this video Lynnette warns viewers about numerous coronavirus scams to avoid that are popping up during the COVID-19 pandemic.

Transcription

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.

Read: FTC’s Coronavirus Advice for Consumers

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.

Read: Getting Paid Sick Leave During The Coronavirus Outbreak

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Lynnette Khalfani-Cox, The Money Coach

Lynnette Khalfani-Cox, The Money Coach

Lynnette Khalfani-Cox, The Money Coach, is a renowned financial expert, author, speaker, and media personality, empowering people to achieve financial success.

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