Craigs List Rental Scams on the Rise

With Special Guest--Shawn Dyer, Montecito Bank & Trust Fraud Specialist Rental scams have been around for a long time. However, as college lets out for the summer, they are on the rise. Here's how the Scam Works: You see a great rental listing on Craigs List. The price is likely to be better than other similar properties. When you respond to the ad, the person who posted it tries to get you off the Craigslist platform as soon as possible to continue a conversation. They send you photos of the property, but will make up some reason why they can't show it to you in person. However, they promise they'll send you keys to the property after you fill out an application and give them a deposit--often by Zelle or Venmo. Now the scammer has your personal information and a deposit and/or first and last rental payments. DON'T BE FOOLED! It's likely that they sent you photos of a property that is for sale. (The scammer can easily find photos on Zillow or other real estate sites.) Remember, if a rental property sounds too good to be true, it probably is! Another old scam that's on the rise is wallet and billfold thefts, stolen from people who are out shopping. Rings from other cities sweep into town. One of the thieves distracts the shopper, while the other one quickly steals their billfold or wallet. Often, the thief is already using stolen credit cards before the victim even realizes they're gone. The thieves are hard to catch because they travel from city to city. In a similar scam, Vicki reports that thieves run up to a car as men get in them, saying they accidentally dropped their keys and that they fell underneath the person's car. Usually the gentleman will offer to help and as he crouches down to help find the missing keys, the crook will quickly take the wallet out of the victim's back pant's pocket. Lastly, Vicki shares some Good News. The Dept of Justice formed a task force to prosecute and sentence a Texas man for his role in romance scams using the images of two United Stated generals. If you'd like to talk to Deputy District Attorney Vicki Johnson about a scam, or would like to tell your story on Scam Squad to warn others, call the FRAUD HOTLINE at 805-568-2442.