In a relentless pursuit of ill-gotten gains, scammers have ingeniously capitalized on the credibility of renowned institutions, orchestrating an elaborate robocall scam that exploits the revered Federal Reserve Bank of New York and cunningly integrates established brands such as Mega Millions, Publisher’s Clearing House, and Reader’s Digest. With an artful mastery of deception, these fraudsters craft narratives that ensnare unsuspecting victims, ensnaring them in a web of deceit to swindle their hard-earned finances. Unravel the intricate tapestry of their fraudulent techniques as we lay bare the mechanics of their treacherous scheme.

In this article, we cover:

The details of the Contest Winner Scam Exploiting the Federal Reserve Brand

The Contest Winner Scam Exploiting the Federal Reserve Brand is a deceptive scheme that exploits the reputation of the Federal Reserve Bank of New York. Scammers employ robocalls to target individuals, using well-known brand names such as Mega Millions, Publisher’s Clearing House, and Reader’s Digest to lend legitimacy to their fraudulent claims. In a recorded audio message, victims are falsely informed that they have won second place in a $100 million Golden Harvest Sweet Sticks Giveaway, and are entitled to a $500,000 cash prize and additional rewards. The scammers claim that the prize is being held at the Federal Reserve Bank of New York and emphasize the need for strict confidentiality due to supposed federal laws. The fraudsters prompt victims to interact with the scam by pressing certain keys on their phone to proceed. The scam’s detection was first noted in March of 2020 with a Fraud Alert Score of 0.8. The most frequently targeted locations include Texas, Florida, Michigan, California, and Arizona. The top scam phone numbers associated with this scheme include (610) 600-5945, (516) 441-9476, (516) 430-3709, (516) 715-5846, and (631) 201-8350.

Actual audio of the Contest Winner Scam Exploiting the Federal Reserve Brand

“Hello, the Mega Millions is pleased to officially announce you as the second place winner in the $100 million Golden Harvest Sweet Sticks Giveaway, sponsored by Pusher’s Clearing House, Reader’s Digest, and the Multi-State Lottery Association. As the second place winner, you will be awarded with a total cash prize of $500,000 and a brand new catalog. Congratulations! The Millions has made all the necessary arrangements in order for you to receive your prize. Currently being held at the Federal Reserve Bank of New York. Please note, U.S. Federal laws require that your prize information is kept strictly confidential from third parties. This is to prevent access to your funds and abuse of our system. All questions should be directed to your account manager. To be transferred to your account manager at the Federal Reserve Bank to claim your prize, please press…”

Why the Contest Winner Scam Exploiting the Federal Reserve Brand is dangerous

The Contest Winner Scam that’s using the Federal Reserve Brand is more dangerous than it seems at first. It tricks people by pretending to be associated with well-known names like the Federal Reserve Bank, Mega Millions, Publisher’s Clearing House, and Reader’s Digest. This makes victims believe the scam is legitimate and trustworthy. The real danger is that it tricks people into giving away their money and personal information. It doesn’t just hurt their finances – it also damages their trust in institutions meant to protect them. The scammers use convincing stories and pressure to make people act quickly without thinking. This can lead to identity theft, financial loss, and emotional hardship.

How to protect yourself from the Contest Winner Scam Exploiting the Federal Reserve Brand

Dealing with the tricky Contest Winner Scam that exploits the Federal Reserve Brand requires being proactive about your safety. One smart way to do this is by using YouMail. YouMail is like a strong shield against unwanted robocalls and scams. It stops bad calls from even reaching you, thanks to its reliable call blocking technology. YouMail can quickly spot and stop scammy calls before they bother you. This means you’re in control of who gets through to you, and you won’t have to worry about falling for tricky schemes like the Contest Winner Scam. In a world where scams are unfortunately common, using YouMail adds an extra layer of protection and peace of mind. So, if you want to keep your money safe and avoid these sneaky scams, make YouMail your go-to choice.

Find about more Robocall Scams at the YouMail Robocall Scam Guide.

To protect yourself from the Contest Winner Scam Exploiting the Federal Reserve Brand, download YouMail today.

More on how to stop scam calls:

5 thoughts on “Robocall Scam of the Week: Contest Winner Scam Exploiting the Federal Reserve Brand

  1. I received a call today that I was a Winner from the Golden Harvest Lottery and they are Associated with a Federal Bank in New York City.
    I believe this a Scam. Be aware of these calls. I’m going to report them to Golden Harvest Authorities and the Bank there using plus the Better Business Bureau.

  2. I have, a Canadian mother, Daphne Molson, of 688 Gilchrist Street, Peterborough, Ontario, K9H4P3, Canada, phone 1705-8743520, received a letter and an email and phone calls from Mr. Carlos Rodrigues, informing me I have won a New Years Bonanza held by the Reader’s Digest, and I have emerged as a lucky winner under the 3rd quarter which is part of their promotional draws. Th draw was held on December 12, 2023 and officially announced on December 29, 2023. My name, Daphne Molson was attached to the prize number 1004729 and emerged on top for the Multi-Million Dollars Sweepstakes as a lucky 3rd Place Prize winner in the 3rd Quarter Draw and I have been awarded a total sum of $3 million Canadian Dollars of Cashiers check which is the winning payment for the 1st Quarter winners of a total prize money of $800,000,000.00 or eighth hundred millions dollars shared among sixteen lucky international winners.
    I have been asked claim the prize before March 24, 2024 by paying $4550 to a man, Mr. Carolos Rodriguez, who has phoned me from 1-646-995-3099, An email sent me says Reader’s Digest and Sponsorship Companies in association with US Readers’s Digest Co. Promotions has paid a total of $175,000.00 to cover the major taxes such as Federal Income tax and Capital Gains tax. If I am a citizen of the United States I have to pay the InternaL Revenue Service and the US Treasury Department but I am a Canadian. I am required to pay Bank processing fees, custom fees, and state processing fees of $6500 but Carlos has phoned me and reduced the cost 30% to $4500. I have been sent a letter, email, and been phoned why did I not understand or want to claim the prize and anyone wants is it a scam? I have asked my brother to pay the cost for he can pay it but someone would please email me is an agent Mr. Carlos Rodriguez charged with scam. Please email me or phone me if I am being scammed or breaking any law having this prize. Daphne Molson

  3. I just got call from 1-888-378-8814 from James Petersburg saying I was second winning in global international gaming co front golden harvest sweepstakes for 7 million dollars and Mercedes and two cards for 50,000 to use for a year press 1 to talk to Mr Petersburg

  4. I have had the same thing happened to me within the last two weeks. The man called me on the phone and said that I won second prize winner $2.5 million plus a 2024 Mercedes-Benz I have given them over $4000 and now I went into the site and I read about, a gentleman name name, David sayer and Danilla and now they want more money $1850.00 in certified check under the name kymanie Russell. I had already sent a certified check for 2800 to the same lady and this is the address I sent it to 9562 Hazleton Ave., Redford Township 48239 . And before that I gave three gift certificates that came to $1100. I wish I would have read the website thank you

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