ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Got a Message Promising a Government Grant? You Might Want to Verify the Source

A recent surge in online scams exploits Facebook Messenger, tricking users into believing their friends have received government grants
PUBLISHED JAN 30, 2024
Facebook logo | Getty Images | Photo by Chesnot
Facebook logo | Getty Images | Photo by Chesnot
Social networking site Facebook is displayed on a laptop screen | Getty Images | Photo by Dan Kitwood
Social networking site Facebook is displayed on a laptop screen | Getty Images | Photo by Dan Kitwood

Social media has become a hub for people to interact freely and for strangers to become friends, but it has also opened up avenues for scammers lurking around in the digital world to target unsuspecting victims and rob them. The threat has been highlighted once again by the discovery of a new scam involving Facebook Messenger, which is manipulating the trust people have in their friends, leading to potential financial losses. This scam falsely promises government grants to unsuspecting users, leveraging the credibility gained from hacked accounts of known individuals.

The scam begins innocuously with a message, seemingly from a friend on Facebook, claiming the receipt of a substantial government grant. The victim, recognizing the sender as a friend, is more likely to trust the message. The scammer, masquerading as the friend, then encourages the recipient to apply for this non-existent grant, promising substantial financial aid.

One of the many targeted using this tactic was a York County resident named Barbara, who reported receiving such a message, which promised her a $100,000 check from the government, but only after she paid a $500 fee for delivery and taxes. This fee to be paid upfront is enough to raise an alarm, as genuine government grants do not operate in this manner. But the temptation of a massive payout and the message coming from a known account, prevents the victim from spotting this obvious red flag.

As opposed to the claims made in these fake messages, the government does not distribute grants casually to individuals for personal expenses. Legitimate government grants involve a formal application process and are earmarked for specific purposes, usually linked to community projects, research, or education. The scam targets individuals who are unaware of these facts, and exploits their trust as well as hope for financial aid.

Social networking site Facebook | Getty Images | Photo by Dan Kitwood
Social networking site Facebook | Getty Images | Photo by Dan Kitwood

The scam is orchestrated through hacked Facebook accounts, and messages, while seemingly from a friend, are composed and sent by scammers. If you receive such a message, it's crucial to understand that you are not in immediate danger unless you respond or engage with the scammer. The best course of action is to ignore the message and reach out to your friend through other means, not related to Facebook, to inform them of the potential hack. Affected individuals should change their Facebook passwords immediately and review their account security settings.

This scam highlights the need for heightened vigilance in the digital age, especially on social media platforms where personal connections are used as a veil for fraudulent activities. Users are advised to be skeptical of any unexpected financial opportunities presented via social media, irrespective of the source. Regularly updating passwords, using two-factor authentication, and educating oneself on the nature of online scams are critical steps in safeguarding against such deceitful tactics.

In conclusion, this Facebook Messenger scam serves as a reminder of the evolving nature of online fraud, and highlights the importance of staying informed and cautious.

MORE ON MARKET REALIST
The chicken was so bad that the creator had to take it back to the store.
1 hour ago
The contestant simply didn't realise what he had done even after Harvey's reaction.
2 hours ago
The painting set a record on the show for being one of the most expensive pieces of art.
21 hours ago
The cups were made thousands of years back and so regulations were not an issue as per the expert.
23 hours ago
The founders of Surprise Ride had a deal but they failed to close it on time.
1 day ago
Harrison got his hands on one of the most sought-after pieces of American history for $1.45 million.
1 day ago
The popular TikTok creator claimed the food product was one of the worst the store offers.
2 days ago
Harrison wasn't willing to part with it but sold it to UFC boss Data White.
2 days ago
The entrepreneurs who followed Greiner's book to scale their business got the ultimate reward.
3 days ago
The watch was something that the expert himself hadn't seen in his career.
3 days ago
The Season 3 champion, W. Kamau Bell, is looking to become a regular part of the game show.
3 days ago
Harvey was excited to hear the answers as soon as he read the question.
4 days ago
When the show's guitar expert, Jesse Amoroso, cut the item's value by 75% from the asking price, the guest lost his cool.
4 days ago
Fans argued that the show misattributed the song "Life Is A Highway" to another composer.
4 days ago
Jennings opened up about keeping "Jeopardy!" the way it was when he was a fan.
5 days ago
Harvey also mocked the player for an answer that earned his team a second strike.
5 days ago
When she did find out how precious the painting from her mother was, she could hardly speak.
5 days ago
The concern among shoppers is growing after a document suggesting the policy change leaked.
5 days ago
The item was unique since there was only one more of the kind in the world.
5 days ago
Apart from being the trivia expert, Jennings has other talents up his sleeve as well.
6 days ago