He said i had been approved for a federal grant and I would receive all my $$ in a cpl days. After 10 days they would draw the $$ out of my account (299.95) as my first payment back to them. He was a foreign guy (thus my suspicion) I would hope American Government wouldnt be offshoreing to other countries. When I said I dont have a banking account he continued to ask iof aunts or uncles did and even my kids. I did report to FDC and he said its a common scam and to spread the word so just watch out and remember, you never have to pay a dime up front for a federal grant , and just use common sense.........
2006-07-26 07:09:12 · 3 answers · asked by yo mamma 3 in Business & Finance ➔ Other - Business & Finance
Yes, that is a scam.
First, the Government will not call up people to let them know that there's "free" money in the form of grants.
Second, they let you think that you can receive grants for just about any purpose -- which is absolutely false. these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program. Individuals especially for personal purposes are not eligible for federal grants.
Third, grant information is FREE. You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.
I am glad that you did not fall into their trap. Smart move !
2006-07-26 07:24:27 · answer #1 · answered by imisidro 7 · 6⤊ 1⤋
yes it is a scam that is going around, and the sad thing is some people will really get screwed
2006-07-26 14:15:16 · answer #2 · answered by munesliver 6 · 1⤊ 0⤋
hey thanks for the info, i got scammed last october and i am still paying the bank back for it. although i learned my lesson then and i also got nailed with t phishing e-mail, thank god i bank with wells fargo
2006-07-26 14:17:00 · answer #3 · answered by ? 4 · 0⤊ 0⤋