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1st United Credit Union Warns of Fraud Targeting Teenagers

"Since teens are sharing information with their friends, the scams spread at an incredible pace."

By Mike Scarcella | May 20, 2020 at 08:42 AM
cybersecurity locks on mobile banking accounts Source: Shutterstock.

Teenagers are being targeted on social media and other sites in a scam involving counterfeit checks and the promise of quick cash, the chief administrative officer at the San Jose, Calif.-based 1st United Credit Union said in a public advisory that offered tips to help counter the alleged scheme.

Greg Pulliam, the chief administrative officer, said 1st United Credit Union has seen a “recent wave” of money scams that target teenagers via text messages, social media and dating sites. Teenagers are asked to deposit a check, told to keep a portion for themselves and then instructed to send the remainder back via Venmo, gift cards or other means.

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