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BBB expert warns against these common scams | 2 Wants to Know

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BBB expert warns against these common scams | 2 Wants to Know

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Lechelle Yates said cryptocurrency and phishing scams have grown in popularity.

GREENSBORO, N.C. — Scams happen every day, everywhere. Scammers get more and more creative finding ways to steal your money and personal information.

Lechelle Yates from the Better Business Bureau joined 2 Wants to Know to let you know about current trends and give you ways to protect yourself.

Yates said cryptocurrency scams have grown more popular. In 2021, the BBB received more than 2,400 reports of that type of fraud. She said losses were in the millions.

Yates said the scams work like this: someone buys bitcoin with a company. The investment grows, and the person wants to withdraw. The company says that person needs to pay a commission, broker fee and then additional money to access their money. Yates said this is a common way scammers trick people.

Yates listed three ways to protect yourself.

  • Be careful with claims made on social media.
  • Be wary of “friends” reaching out on social media and celebrity endorsements.
  • Don’t believe promises of guaranteed returns.

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