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Lotto Scams: Still too good to be true!With the economic situation as bleak as it is around the world, you can almost expect to receive some form of fraudulent solicitation in the coming months. Lotto scams are one of the most common scams being perpetrated today. These scammers are convincing, adaptable, and often target seniors. Here are some basic facts and resources to help you protect yourself and those you love from becoming the victim of a lotto scam. What are Lotto Scams?Scammers want two things: your money and your identity. Don't give them either! Most often lotto scams come in the form of a letter that is mailed, emailed, or faxed in bulk to thousands of recipients. However delivered, the message is the same. Recipients are notified that they have won money or prizes from a foreign lottery. There will be an elaborate and detailed explanation as to how you, who never purchased a ticket for this lottery, have come to be the lucky winner. These explanations are convincing in their thoroughness, but do not be taken in: the only way to win a lottery is to have purchased a ticket. Often counterfeit checks are included with letters. Do not cash these checks! Checks included with these scams are counterfeit and you will be held responsible for the full amount since you are the one who cashed them. Claim forms often accompany lotto letters and are another ploy to steal your identity. These forms will ask for your social security number, bank account information, or other identifying data. Do not fill out these forms or otherwise give these predators your personal information. Occasionally, scammers will purchase phone lists and call in person, or carry a counterfeit check with them and approach people on the street claiming that they need assistance cashing their winning check. Whatever the approach of the scammers, the best defense is commons sense and good information. Check out our "Quick facts about lotto scams" below for more details. Quick facts about lotto scams
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