Several scams rely on convincing the target to deposit a check as a first step of the crime. They then convince the target to use the money in a specific way. For example, in some work-from-home scams, the “company” will send a check for deposit, and then once it “clears”, they direct the target to purchase needed office equipment from the company’s “catalogue”.
Newly elected Oregon Attorney General Dan Rayfield talked with the Bulletin about ways to prevent fraud — and what drives him to protect older Oregonians.
The AARP-backed bill would require employees of financial institutions to put a hold on transactions if they suspect a person 60 or older is a victim of fraud.
The kiosks—often located in gas stations, groceries or convenience stores—convert cash into difficult-to-trace digital currency. Growth in such scams has led to calls for legislation to better protect South Carolina consumers.