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 workers chose to stick to the company's core values and did the right thing.
3 hours ago
The guest revealed that she didn't know about the trade mentioned on the disk when it was purchased.
11 hours ago
The CEO at the local casino decided to make her birthday even more special by adding a gift to her winnings.
16 hours ago
Sometimes things that don't shine turn out to be worth more than gold.
1 day ago
Spending on restaurants and hotels increased by 0.3 percent in May which was the single largest influence.
1 day ago
The Hollywood star said, "I've left more money on the table than any actor actually."
1 day ago
Many are now heading to the shop from far beyond the county to try their luck.
1 day ago
The duo also performed a cover of Adam Jenson's 2017 song “Street Fight”.
1 day ago
Pam, 83, said "I could have made a fortune, but it wasn’t to be. I’ve had a happier life than Marilyn ever had. I’ve no regrets."
2 days ago
Early 1980s was a special era as several rare coins were minted then.
3 days ago
According to reports, the fisherman from Puerto Princesa found the item over a decade ago while he was fishing in the sea.
3 days ago
For decades, the painting was hung in a shabby frame in the living room.
3 days ago
The asteroid was discovered by Italian astronomer Annibale de Gasparis on March 17, 1852, who named it after the Greek Goddess of the soul.
3 days ago
In the video, another friend can be heard gasping and noting how she thought that Maddie was 'exaggerating.'
3 days ago
The man from New Jersey who was looking to save a few bucks, didn't know what luck had in store for him.
4 days ago
In 2004, Ashley Revell from London won $270,000 in one of the most stunning events in gambling history.
4 days ago
One of the rarest Rolex watches in the world was kept in a safety deposit for decades, unworn.
4 days ago
The "Rolling Stones" singer said leaving a part of the inheritance might "do some good in the world."
4 days ago
Inititally, reports claimed that it sold for $1.8 million which changed as the the dust cleared up.
4 days ago
The number was so large that it didn't even fit on a single line on the document.
4 days ago