Damn Fraudsters


Active Member
latest credit card scam.

Please pass this on to everyone you know...

This one is pretty slick since they provide Y O U with all the
information, except the one piece they want. Note, the callers do not ask
for your card number; they already have it. This information is worth
reading. By understanding how the VISA & MasterCard Telephone Credit Card
Scam works, you'll be better prepared to protect yourself.

One of our employees was called on Wednesday from "VISA", and I was called
on Friday from "MasterCard".

The scam works like this: Person calling says, "This is (name), and I'm
calling from the Security and Fraud Department at VISA. My badge number is
12460. Your card has been flagged for an unusual purchase pattern, and
I'm calling to verify. This would be on your VISA card which was issued
by (name of bank) did you purchase an Anti-Telemarketing Device for
£497.99 from a Marketing company based in London ?" When you say "No",
the caller continues with, "Then we will be issuing a credit to your
account. This is a company we have been watching and the charges range
from £297 to £497, just under the £500 purchase pattern that flags most
cards. Before your next statement, the credit will be applied to your
account. I just need to confirm your address (gives you your address), is
that correct?"

You say "yes". The caller continues - "I will be starting a fraud
investigation. If you have any questions, you should call the number
listed on the back of your card and ask for the Security & Fraud

You will need to refer to this Control Number. The caller then gives you
a 6 digit number. "Do you need me to read it again?"

Here's the IMPORTANT part on how the scam works the caller then says, "I
need to verify you are in possession of your card." He'll ask you to "turn
your card over and look for some numbers." There are 7 numbers; the first 4
are part of your card number, the next 3 are the security numbers that
verify you are the possessor of the card. These are the numbers you
sometimes use to make Internet purchases to prove you have the card. The
caller will ask you to read the 3 numbers to him. After you tell the
caller the 3 numbers, he'll say, "That is correct, I just needed to verify
that the card has not been lost or stolen, and that you still have your
card. Do you have any other questions?" After you say, "No," the caller
then thanks you and states, "Don't hesitate to call back if you do", and
hangs up.

You actually say very little, and they never ask for or tell you the Card
number. But after we were called, we called back within 20 minutes to ask
a question. Are we glad we did! The REAL VISA Security Department told us
it was a scam and in the last 15 minutes a new purchase of £497.99 was
charged to our card.

Long story - short - we made a real fraud report and closed the VISA
account. VISA is reissuing us a new number. What the scammers want is the
3-digit PIN number on the back of the card. Don't give it to them.
Instead, tell them you'll call VISA or Master Card directly for
verification of their conversation. The real VISA told us that they will
never ask for anything on the card as they already know the information
since they issued the card! If you give the scammers your 3 Digit PIN
Number, you think you're receiving a credit. However, by the time you get
your statement you'll see charges for purchases you didn't make, and by
then it's almost too late and/or more difficult to actually file a fraud

What makes this more remarkable is that on Friday, I got a call from a
"Jason Richardson of MasterCard" with a word-for-word repeat of the VISA
scam. This time I didn't let him finish. I hung up! We filed a police
report, as instructed by VISA. The police said they are taking several of
these reports daily! They also urged us to tell everybody we know that
this scam is happening .

Please pass this on to all your family and friends. By informing each
other, we protect each other.
Also, if a stranger approaches you in the street and says 'Give me all the money you have in you, but don't worry I just want to look at it' it may be best not to consider them entirely trustworthy;)