Fabulous wealth and life-changing prizes aren't always what's to be expected after receiving a call from PCH—it could just be a scam to steal your information and money.
Venmo users are noticing suspicious emails hitting their inboxes with claims of a large sum of money waiting to be transferred by a PayPal user.
It may be exciting to receive a letter telling you you've won a huge sweepstakes prize, but before you celebrate, verify the letter first. More often than not, it's a scam.
If you receive a check in the mail from Publishers Clearing House from winning a sweepstake, don't celebrate just yet.
If you enter Cash App giveaways or sweepstakes, be extra cautious. Scammers will try to trick you into thinking you've won but are really just trying to steal from you.
Arm yourself with information on how this scam works and the red flags to watch out for to protect your bank account from these thieves.
Read how an actual sweepstakes scheme unfolded and scammed an elderly couple out of $800,000, as told by investigative consultant and ex-DEA Special Agent, Jason James.