Source: Herb Weisbaum, NBC News

Dinah Keck didn’t realize the caller was a crook. The caller told the 70-year old that she had won $3.5 million dollars in a lottery.  All she had to do was pay $3,500 to cover administrative fees and taxes and the check would be on its way. Those payments would be made via Green Dot MoneyPaks – $1,300 upfront and then $200 a month.

“As soon as the victim gives the scammer that (PIN) code, they use it to load all of your money onto their prepaid card,” explained Karen Hobbs at the Federal Trade Commission. “Then they can run to an ATM and get all of the money in cash or they go to an electronics store and buy things that are easily fenced. Once that money is offloaded, it is essentially irretrievable.”

Read Full Article: Scammers now accepting Green Dot MoneyPaks