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An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
Recovery scammers target people who have just lost money to another scam. Typically, recovery scammers will promise to get the money back in exchange for an upfront fee. After you pay, they vanish.
It’s best to decline overpayments and ask the buyer to resend payment in the correct amount. Andrea Norris and Laura Bogart contributed to the reporting for this article.
But if there's any hesitation, the pitch changes quickly into a variation on the classic lottery scam, with the same caller now claiming he has an envelope with $275,000 or $277,000 awaiting the ...
Refund theft, also known as refund fraud, refund scam or whitehouse scam, is a crime which involves returning goods ineligible for refund to a retailer in exchange for money or other goods. The goods returned may have been acquired illegally, or they may be discarded damaged goods.
A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
Sometimes overpayment of large sums can be the result of mistakenly adding an extra zero to your payment. But it is also a potential sign of refund fraud or even money laundering.
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.