Scam artists are using both types of cards to get cash from victims. To perpetrate the fraud, they call victims and tell them they are calling from Time Warner Cable. They offer them a discount or special upgrade of service if they agree to pay in advance. They tell victims to buy a Green Dot MoneyPak® card and to place money on the card. Victims then provide the MoneyPak PIN, allowing the scammers to transfer the money immediately from the Green Dot card to another account. Once transferred, the victim’s money is lost.
This scam is spreading across the country, and many companies have been affected by it.