Tuesday, April 25, 2017

New credit card scam beware

"So the m.o. of the criminals is this: They will order expensive electronics on a stolen credit card and have the purchases shipped to the home of the legitimate credit card holder. The criminals are hoping the card holder will become preoccupied with disputing the purchase with their bank.

That’s when the crooks strike a second time by sending a return label and package in which the item is supposedly to be shipped back to the retailer.

But if you ship it before noticing that the address on the return label is not that of legitimate warehouse or place of business, the retailer may hold you financially responsible for the cost of the stolen merchandise."

Fully explained here.

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