IRS Warns of Stimulus Check Scam

Chris Gaetano
Published Date:
Dec 14, 2020
The IRS is warning the public of a new scam in which people get text messages claiming they can get a $1,200 stimulus check, reported CNBC. Generally the text reads: “You have received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further action is required to accept this payment into your account. Continue here to accept this payment …”  The text then instructs the recipients to go to a link designed to imitate an official IRS site and asks them for their personal and financial information.

The pandemic has seen an explosion of scams and frauds that capitalize on the confusion and uncertainty that has pervaded our lives. The IRS warned as early as April that there would be a huge surge of scams, and since then have been proven right: A December report by the Association of Certified Fraud Examiners, based on a November poll of its members, found that fraud of all sorts has undergone major increases over the past few months, and levels are expected to get even higher in the future. Overall, 79 percent of the poll's respondents had seen an uptick in fraud, and 90 percent expected fraud incidents to increase over the next 12 months. Of those who observed higher levels of fraud, 38 percent said it was a significant increase while 41 percent said it was a slight one.

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