AG's Office Reports Spike in Debt Scams

by scrosby on March 17, 2009

The Kentucky Attorney General’s Office says it’s seen a spike in calls reporting scams in the state.  Most of the scams reported are targeting those who have fallen on hard times in the recession.

A-G spokesperson Allison Martin says the number of scam calls has doubled in the last few weeks.

“We were expecting calls like this to increase because when people are experiencing financial hardship they are more vulnerable, and when the economy is down, that’s when scam artists tend to ramp up,” she says.

Many recent phone scams have offered people ways to claim ‘free government grants’ from the federal stimulus package.  Martin says there are no such grants, and you should never give out personal financial information over the phone.  

The Attorney General’s office is conducting an investigation into the scams from information submitted by callers. 

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