Bank fraud expert warns Arizonans of holiday scams and other schemes to avoid

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PHOENIX (AZFamily) — It seems like scammers are always one step ahead. As soon as you think you know what to look out for, they come up with something new.

Here’s a new twist on an old scam called the Impersonation Scam. You get a phone call or a text message from your bank informing you that your debit card has been fraudulently used, but it’s not your bank; it’s a scammer trying to scare you into making bad decisions.

Margarita Alvarez, a fraud expert with Wells Fargo, told On Your Side that the Federal Trade Commission documented victims were scammed out of $2.7 billion using the Impersonation Scam last year…

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