"" Scammers take advantage of those scrolling social media and trick them into purchasing items that don't actually exist, like concert tickets, cars from online auctions or furniture for their new apartment," said Darius Kingsley, head of consumer banking practices at J.P. Morgan Chase. "You may be asked to pay using Zelle, wires or gift cards, but don't realize that once you send the money, you can't get it back.""
"Advance deposit schemes "prey on your desire to secure high-value items like vehicles or electronics," said Amy Mortlock, vice president of marketing at ShadowDragon. "Scammers may create false urgency, by claiming that multiple buyers are interested, in convincing you to send deposits through untraceable methods such as gift cards or wire transfers. They will vanish once they receive your payment, leaving you with nothing but financial los s.""
Facebook Marketplace attracts roughly 491 million online shoppers and accounts for over half of social-media purchases. High activity has produced a surge in scams. Scammers exploit scrolling users by listing nonexistent items like concert tickets, auction cars, and furniture, then ask for payments via Zelle, wire transfers, or gift cards that are unrecoverable. Advance-deposit schemes create false urgency and claim multiple buyers to pressure deposits through untraceable methods. Buyers should avoid sending money for items that cannot be confirmed to exist. Verify seller identity, insist on seller-provided photos and detailed descriptions, and prefer secure, traceable payment options.
Read at Aol
Unable to calculate read time
Collection
[
|
...
]