What You Don’t Know (About A Scam) Can Cost You Dearly

Many of you know that I am a long-term member of a great networking group. Any who didn’t, know now. I mention this to make the point that it is not only business leads that come from networking on a regular basis. Little nuggets of wisdom can be found in each and every meeting.

This week our accountant informed the group about a new twist on an old scam to scare money out of the unsuspecting victim. For some time, scammers have been calling retired individuals posing as IRS officials and threatening to take everything they have if they don’t pay right away. That scam has run its course so the scammers have moved on to college students. Students are contacted and told that they claimed an education deduction that is not allowed and they must pay the fee and a penalty immediately or risk legal action that could jeopardize their student status. The frightened student will then send money or give the scammer mom or dads credit card information and the scam is complete.

Preparation for college involves more than grades and test scores. Consider if your business was hiring a new employee and the only information requested on the application was their college GPA and what they scored on an exam your company required. What are the chances the new employee would work out? That’s what the colleges think too. Be prepared to make a case that will allow the colleges to say yes without hesitation when that stellar application and all the supporting materials reach the admissions committee. Oh, and know how to check to see if someone is trying to scam you. Snopes.com is a great place to start.

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