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Crossville Woman Loses $600 in Federal Reserve Money Scam

By Peg Broadcasting News Mar 18, 2024 | 11:12 AM

A 72-year-old Crossville woman has been scammed out of hundreds of dollars after falling for a free money scam.

The woman told Crossville Police that she received a phone call on Thursday (3/13/24) from a woman claiming to be with the Federal Reserve in Washington D.C.  who told her that the Reserve was offering $8,000 to low income individuals.  The victim was then given a phone number to call, which she did.  She contacted a man who said his name was “Mike” with the Federal Reserve bank in New York.  “Mike” instructed the victim to buy three $200 Ebay gift cards so he could send her $8,000.  The victim purchased the cards and gave “Mike” the card numbers.  Mike then gave her what he said was a routing number and told her to go to Western Union bank. When she went to Western Union she learned the routing number did not exist.

She was scammed out of $600.

Remember, any time anyone asks you to purchase gift cards and the like as a form of payment, or to pay for something that is supposed to be free, it is ALWAYS a scam.