Summary:
Kris Mayes warns about rising cryptocurrency scams targeting vulnerable individuals.
Investment scams often involve impersonators offering fake investment opportunities.
Impersonation scams disguise as trusted entities to extract cryptocurrency.
Blackmail scams threaten to expose personal information unless paid in cryptocurrency.
Follow six essential tips to protect yourself from scams.
PHOENIX — Arizona Attorney General Kris Mayes has issued a crucial warning regarding the rise of cryptocurrency scams that are targeting vulnerable populations, particularly senior citizens. Mayes stated, "Scammers are taking advantage of the lack of familiarity on how cryptocurrency works to scam Arizonans out of their hard-earned money." The Attorney General's office is dedicated to ensuring that residents are informed and protected against these threats, urging vigilance and immediate reporting of suspicious activities.
Types of Scams to Watch Out For
Investment Scams:
Individuals may receive unsolicited messages from someone pretending to be an investment manager on social media or dating apps, promising to help invest in cryptocurrency but actually diverting funds to their own accounts.
Impersonation Scams:
Scammers may impersonate government officials or businesses to extract cryptocurrency payments, leveraging trust to deceive individuals.
Blackmail Scams:
These scammers threaten to release personal information unless a payment in cryptocurrency is made.
Tips to Avoid Being Scammed
The Arizona Attorney General’s Office recommends the following steps:
- Verify Information: Contact the organization directly to confirm any claims.
- Be Skeptical: Use good judgment and avoid responding to unfamiliar calls.
- Recognize Payment Demands: Real businesses will not request payments in cryptocurrency.
- Secure Personal Information: Never share sensitive details over the phone with unknown individuals.
- Consult Trusted Individuals: Discuss major financial decisions with someone you trust.
- Report Suspicious Activity: Notify law enforcement about potential scams.
If You Suspect a Blackmail Scam
If you believe you are a target, report it immediately. You can file a consumer complaint online or call the Attorney General's Office at (602) 542-5763.
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