The Golden Valley Police Department (GVPD) received three scam reports in the past week, resulting in a combined loss of over $37,000. In each case, callers posing as Wells Fargo bank representatives claimed fraud was detected on the victims’ accounts and instructed them to move money to alternate payment methods.
The GVPD is urging residents to stay alert and informed. Key warning signs and prevention tips include:
- Fraud alerts and threats of legal action: Scammers may pose as bank representatives or government agencies claiming suspicious account activity or criminal charges. These calls often use scare tactics to obtain personal information.
- Verify alerts: If contacted about potential fraud, verify the information through official bank account websites or customer service numbers, not the number provided by the caller.
- Unusual payment methods: Requests for wire transfers, gift cards, or cryptocurrency, or cash exchanges are red flags. Legitimate organizations do not use these methods for fraud concerns or legal matters.
- Pressure for secrecy: Scammers may insist that transactions remain confidential, making victims feel isolated and unsure of whom to trust. Legitimate organizations will never ask you to hide information; if you feel uncomfortable about a request, it’s crucial to discuss it with someone you trust.
- Consult trusted sources: If you’re uncertain about the legitimacy of fraud or legal threats, ask a friend, family member, or neighbor for their opinion. They can often provide clarity. Residents can also contact GVPD for guidance.
- Avoid rushed decisions: Scammers often demand immediate action. Legitimate issues will not require split-second responses.
- When in doubt, don’t give it out: If you’re uncertain about who’s contacting you, keep your personal information to yourself. Residents should never give out personal or financial information under pressure.
- It’s okay to decline: If a caller creates discomfort or pressure, residents should feel free to hang up.
- Research the claims: Look up the organization online. A quick search may reveal whether others have experienced similar scams. You can also check for alerts from the Minnesota Attorney General’s Office to see if similar scams have been reported.
Residents who suspect fraud should file a report with the FBI’s Internet Crime Complaint Center at www.Ic3.gov. Scam victims should contact the GVPD at 763-593-8079.
For additional scam prevention resources, visit: