CBSDetroit.com | June 20, 2011
The Better Business Bureau Serving Eastern Michigan and the Upper Peninsula is warning consumers that online thieves have found a new method of defrauding people by siphoning cash from their Green Dot MoneyPaks accounts.
MoneyPaks, which are sold in stores throughout the U.S., are reloadable debit cards normally used to make same-day payments or add money to prepaid cards or PayPal accounts.
In recent weeks, the BBB has noted a significant increase in schemes where scammers either tried to solicit – or were able to collect – payments via MoneyPak for merchandise, advance fee loans or sweepstakes prizes that all proved to be fraudulent or nonexistent.
| Rapid Alert Editor’s note: | To read the full article, please click on the link provided here, beginning with the direct quote in the 4th paragraph: MoneyPak Scam