Beware of Conoravirus Scams

Right now, we’re seeing a lot of the world coming together to support and care for each other during this uncertain time. Just the other day, a South Jersey family bought $10,000 worth of groceries for families in need and elderly people in their area.  Unfortunately, while we’re seeing a spike in kindness, we’re not seeing a decline in scams. To help protect yourself against tireless scammers, keep these facts and tips in mind in the upcoming months:

  1. Rely Only on Official Government Resources Regarding Coronavirus Aid.

The coronavirus stimulus has passed the house and is awaiting the President’s signature, which he said he would give immediately. If someone calls claiming to be the IRS or a politician, hang up. According to government officials, the money will be sent directly to you. Remember, the government will never ask for your SSN or bank information via phone.

  1. Don’t give out any personal information over the phone.

Unless you’re speaking with a trusted person and have an expected call, there’s no need to give out your personal information. Good-intentioned companies don’t ask for immediate over the phone payment.

  1. Don’t buy into vaccine, cure, and test-kit sales.

Some Americans are reporting door-to-door sales of vaccines, cures, test-kits, and even low-stocked cleaning supplies. If you see them at your door, ignore them or explain you’re not interested. The cure, vaccine, and test-kit are fake and the cleaning supplies maybe diluted, fake, or over-priced. If someone does come to your door, alert your neighbors and police.

  1. Avoid fake charities.

Con-artists never rest. Some have reported fake charity solicitation calls in wake of the COVID-19 pandemic. Legitimate charities do not ask for payment over the phone and should have running websites. If you’re unsure if the charity is real, ask for their website and charity name and turn to Google. When in doubt, don’t give money.

  1. Don’t answer calls or emails from people you don’t know

Scam communication can come from anywhere—from your own state to across the world. The most proven way to avoid being scammed is to ignore calls and emails from unfamiliar people or phone numbers. If it’s important they will leave a message. Try searching the email address, phone number, or company name to see if they’re legit.

In the following months be extra careful of scammers, but also remember the acts of kindness and how much stronger we all are for pushing through a tough time.

At market close today, March 27, 2020, Dow Jones, S&P 500, and NASDAQ all saw decreases. The Dow dropped by 4.09% with a 922.75 point decrease, while the S&P 500 sunk by 3.42% with a 89.85 point decrease, and the NASDAQ declined by 3.64% with a 284.16 point decrease.

As always, RGA is here to help you navigate uncertainty, if you should need it. To schedule a FREE virtual preparation session, click the button below.



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