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IRS scam costs Connecticut college student over $7,900 in gift cards

Source: cbsnews.com - Oct 21, 2016

More college students and their parents are finding themselves the victims of an ongoing phone scam. In this scheme, thieves impersonate IRS officials over the phone, demanding payment for federal student taxes that do not exist.

Over the last three years, taxpayers have lost more than $49 million in IRS impersonation scams. Caissie Davis, a senior at Quinnipiac University in Connecticut, doesn’t usually answer unrecognized calls, but on the second ring, the scammers got her, threatening her with arrest and even the possibility of losing her college degree if she didn’t pay up, reports CBS News correspondent Michelle Miller.

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Category: General Business