After recent flooding devastated parts of Louisiana, many people are eager to pitch in and help those affected. Unfortunately, past catastrophes like Hurricane Katrina, along with other events have shown us that scammers are out to take advantage by tricking you into giving money, or even, by selling you a flood-damaged car.
Attorney General Roy Cooper encourages North Carolinians to give generously to relief efforts for Louisiana flood victims, but be wary of charity scams. If you plan to donate, remember:
Don’t respond to out-of-the-blue emails, text messages or social media posts that ask you to give. Instead, contact the charity directly through their website or valid phone number.
Avoid pushy telemarketers who refuse to answer your questions or pressure you to give them a credit card number. Some telemarketers keep as much as 90 per cent of the money they raise for charity for themselves. Your money will go further if you give to the organization directly.
Be cautious when giving through crowdfunding websites like GoFundMe and Kickstarter. Although many of these fundraising appeals are legitimate, crowdfunding sites don’t screen users for authenticity. Know who and what you’re really donating to before you give.
Don’t give cash, which can be lost or stolen. For security and tax record purposes, it’s best to pay by credit card. If you write a check, make it out to the charity, not to a fundraiser.
Protect your personal information. Never give your credit card or bank account number to someone you don’t know who contacts you, and don’t share personal financial information by email or text message.Risk Warning:
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.