$6400 Subsidy Scam: What You Need to Know
A new scam is circulating in the United States, falsely claiming to offer a $6400 subsidy. Advertisements and pop-ups featuring Joe Biden make it look legitimate. However, this subsidy is fake and aims to steal money and personal information from people, especially targeting senior citizens on Social Security.
Is the $6400 Subsidy Real?
No, the $6400 subsidy is not real. These ads are designed to look convincing but are part of a scam. Clicking on these ads can lead to sharing personal information, which scammers use to steal money or identities.
How the Scam Works
- Fake Ads: Scammers use ads with famous personalities to appear legitimate.
- Personal Information: They ask for personal details under the guise of checking eligibility for the subsidy.
- Targeting Seniors: The scam primarily targets seniors on Social Security, who may be less familiar with online scams.
Reporting the Scam
If you encounter these ads, do not click on them. Instead, report them to the Federal Trade Commission (FTC). You can do this by visiting the FTC’s official website. Reporting helps authorities investigate and take action against these scams.
Avoiding Scams
- Ignore Free Money Ads: Do not click on ads promising free money.
- Report Scams: Report suspicious ads to the FTC.
- Stay Informed: Visit official websites like benefits.gov, govloans.gov, and grants.gov for accurate information on government aid.
All You Should Know About the $6400 Subsidy
This scam surfaced in March, featuring fake endorsements from Joe Biden claiming they partnered to provide a $6400 subsidy to Social Security recipients. These false advertisements mainly appeared on social media, tricking people into thinking they could receive $6400 within 48 hours.
Steps to Protect Yourself
- Report Suspicious Ads: Report any suspicious ads or pop-ups to the FTC.
- Don’t Share Personal Information: Never share your personal or bank details in response to these ads.
- Spread Awareness: Inform friends and family about these scams to help protect them.
By staying vigilant and informed, you can protect yourself and others from falling victim to these scams. Always verify information through official government websites and never trust ads that promise free money.