How the scam works:
(with video below) Wouldn't it be great if one day we just get the right phone call, with some really great news? Well, beware of the Wrong Voicemail scam, happening these days. How does the scam work?
Watch the video below to see in action the Wrong Voicemail Scam exposed:
Wrong Voicemail Scam Video
You return home from a night out with friends to find you have a new voicemail. As you hit play, you realize very quickly the message is not for you, as the caller misdialed the number. The fact that the person says "Hey Tina" is your first hint.
You're not Tina, but after another few seconds you realize that doesn't matter--since it sounds like the person is giving you free, unintentional, stock advice.
The voicemail might say: "Remember Mike? He just told my sister that his company has a huge announcement tomorrow morning. Keep it to yourself, but their stocks are going to skyrocket. If you can, buy as many shares in this company (and he gives you a name) as you can, and buy them tonight. I know I am! They're 25 cents per share, but he says it will most likely to over $10 in a few days”.
The trick is, this is a company the person calling you stands to make money off of. Scammers just call and fish for naive people who think they hit the jackpot but being let in a secret that will make them a lot of money.
How to avoid the Wrong Voicemail scam:
This is not the way to get stock advice and it's generally very unlikely you're getting a sure thing. This is also a little thing called "Insider Trading" which is what put Martha Stewart behind bars. It's probably best to steer clear for a number of reasons.
How to report the Wrong Voicemail scam:
Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
How to protect yourself more:
If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.
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Week May 26 - June 2, 2016
|1. Compromised Credit Card Scam|
|2. Weight Loss Scam|
|3. Hacker Restriction On Google Scam|
|4. Telephone Line Technician Scam|
|5. Lottery Winner Donation Scam|
Scam Detector Gives Back To The Community
Scam Detector recently partnered with Travel by Dart, an inspirational web-series where two friends blindfoldedly throw a dart at the world map and travel wherever it lands, with the purpose of helping the land or the people. Click HERE or on the image below to watch the trailer of the series!