The insurance industry’s reputation can’t seem to catch a break, and scam artists aren’t helping. Farmers Insurance Group of Companies is warning its policyholders and others to think twice before accepting prize money, pointing to a scam that uses Farmers and Readers Digest as its cover to trick victims into sending funds back to cover processing costs.
In the latest of several mail scams, victims receive what appears to be an official letter written in simple terms with a check in an amount under $5,000. The letter states that the victim has won $500,000.
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