In the article, “Christmas is the season for giving…money to scammers?” published by InsideCounsel, Partner Jeff Rosenfeld discusses common charity scams that occur during the holidays. He said, “Frequently, scammers will create a profile on a site like Facebook that looks like a legitimate, existing charity.” However, the organization proves to be fake.
Mr. Rosenfeld gives advice to both individuals and businesses who are looking to make financial contributions this season, as well as warning signs to look out for. He advised, “If a charity requests money via wire transfer or cash, that is a no-no. Credit or debit cards offer more protection in terms of recourse when you know it is fraudulent.”
He continues to discuss another scam people fall victim to where emails containing invoices get intercepted and the recipient gets sent a fake email requesting wire transfer to a false bank account. To prevent this situation, Mr. Rosenfeld cautions companies to be careful when paying large invoices, making sure to double check account information, as well as proper email addresses.
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