Michigan Attorney General Warns Of Venmo Scam Tactics
Michigan Attorney General Dana Nessel has reissued a consumer alert about payment apps following a surge in nationwide scams targeting Venmo users.
The scam involves fraudsters “accidentally” sending money to consumers and then requesting its return. Nessel advises consumers to never send back the money, but to report the incident to the peer-to-peer (P2P) service.
Scammers typically use stolen funds, which Venmo will eventually flag as fraudulent. If consumers return the money, they risk the money being taken from their personal account when the fraud is discovered.
Nessel emphasizes the importance of caution in transactions with unknown parties and urges victims to report scams to her department or the Federal Trade Commission.
For more information or to file a complaint, visit: michigan.gov/consumerprotection.
Reporting for WGRT – Choze Powell