Ga. Insurance Commissioner Warning of Life Insurance Scam

Scam Alert
Posted at 10:27 PM, Feb 04, 2015
and last updated 2015-02-04 17:43:29-05

ATLANTA (AP) — Georgia Insurance Commissioner Ralph Hudgens is warning consumers of a life insurance scam involving unsolicited calls.

Hudgens says scammers have been calling consumers offering the proceeds of life insurance policies for a fee.

Hudgens says scammers have been asking victims to pay them via multiple pre-paid cards. Hudgens says the suspects call consumers back after they've purchased the cards and asks them to read the serial numbers. This allows the suspects to transfer money loaded on the card to their own accounts without ever having the card in their possession.

Hudgens' spokesman Glenn Allen says a similar scheme has been reported in Virginia, Arizona, Washington and Tennessee. Hudgens says consumers who receive such calls should hang up immediately.

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