PRINCE GEORGE’S COUNTY, Md. — The Prince George’s County Police Department’s Financial Crimes Unit (FCU) has issued an urgent warning about a sophisticated bank text scam targeting local residents, with three victims losing a combined $95,000 in the past week alone. The scam, which appears to originate from victims’ banks, tricks individuals into withdrawing and transferring funds, resulting in significant financial losses.
The scam begins with a text message that seems to come from the victim’s bank, alerting them to potential fraud on their account and providing a phone number to call for assistance. When victims dial the number, they are connected to a scammer who demonstrates detailed knowledge of their banking activity, including recent transactions, to gain trust. The scammer then instructs the victim to “secure” their money by withdrawing it and depositing it into a cryptocurrency ATM, a traditional ATM, or by purchasing gift cards. Once the funds are transferred or gift card numbers are shared, the scammer steals the money.
Investigators are actively working to uncover how scammers select their targets and access sensitive banking information. The FCU has noted an increase in these incidents, with the three reported cases last week highlighting the scam’s growing impact. According to the Federal Trade Commission, similar scams, known as phishing or smishing (SMS phishing), have surged nationwide, costing consumers millions annually.
The FCU advises residents to immediately hang up if they receive a suspicious text or call urging them to move their money. Instead, they should contact their bank directly using the phone number on the back of their bank card or visit a branch in person to verify any concerns. “Residents should never trust unsolicited messages or calls, no matter how legitimate they seem,” the FCU stated in a release.
Victims of the scam or individuals with information are encouraged to contact the FCU at 301-516-1464. Alternatively, tips can be submitted anonymously through Prince George’s County Crime Solvers by calling 1-866-411-TIPS (8477), visiting www.pgcrimesolvers.com, or using the “P3 Tips” mobile app, available on the Apple Store and Google Play. The FBI’s Internet Crime Complaint Center also notes that reporting such scams promptly can aid investigations and prevent further losses.
The FCU’s warning comes amid a broader rise in financial fraud targeting vulnerable populations, including the elderly, who may be less familiar with digital scams. Residents are urged to remain vigilant and educate family members about the risks of unsolicited communications claiming to be from financial institutions.
