Grant Scams

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Presentation outlining the real truth about government grants and the scammers who offer to sell information. From the Better Business Bureau.

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Grant Scams

  1. 1. GOVERNMENT GRANT SCAMS
  2. 2. John saw this classified ad in his local newspaper.
  3. 3. The Phone Call <ul><li>[Alec]   Hello, my name is Alec Watson from the US Government Grant Processing Center. And you have been approved to receive a $65,000 grant. We would like to verify your information. Do you live at 938 Main Street? Do you still work for Mike’s Automotive? Can you please verify your bank? [John]   North Island Financial Credit Union. [Alec]   Can you tell me what your bank routing number is? John, we can process your $65,000 fully free grant. We can automatically withdraw the processing amount from your back account. Do you think that a cost of $257 is worth receiving $65,000? </li></ul>
  4. 4. John decides that the payout is worth giving the information and so the $257 is taken directly out of his bank account.
  5. 5. This is what John received for his $257. Government Grants 2008
  6. 6. No government simply gives money away to individuals. Anyone who tells you differently has larceny in his heart. If you give him your bank account number, he will soon have your funds in his pocket.
  7. 7. Regarding the government grant scam, keep these three points in mind: <ul><li>The U.S. Government does not telephone people to offer them grants. </li></ul><ul><li>Grants are never guaranteed, nor are they issued for no apparent purpose, so you should be extremely suspicious of anyone who uses the words &quot;free&quot; or &quot;guarantee&quot; excessively. </li></ul><ul><li>Real government grants require extensive documentation with great attention to detail. There is nothing simple or painless about securing a government grant. </li></ul>
  8. 8. <ul><li>Go to your local library and request grant information. Visit the governments official websites: Catalog of Federal Domestic Assistance http:// www.cfda.gov and www.grants.gov . It is generally not necessary to pay someone to help you through the process and most agencies provide assistance at no charge in filling out forms and explaining what it takes to qualify. </li></ul>
  9. 9. If you have any questions about government grant scams, please contact your BBB. 5401 Vogel Rd. Suite 410 Evansville, Indiana 47715 812-473-0202 or 800-359-0979 [email_address]

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