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Money

The www.FedPrimeRate.com Personal Finance Blog and Magazine

Saturday, April 25, 2026

NEW PHISHING SCAM: Facebook Has Temporarily Suspended Your Account (ACCEPT / IGNORE Button)

NEW SCAM: Facebook Has Temporarily Suspended Your Account (ACCEPT / IGNORE Button)

So this is a new Facebook (FB) phishing scam....For me anyway.

Was taking care of some business on FB, when this nasty message popped up in my face (šŸ‘ˆ image.)

It says, "Facebook has temporarily suspended your account," and it shows you two (2) buttons: [ACCEPT] and a flashing red [IGNORE.]
šŸ‘†

OK, so if are on FB and you see this popup message, DO NOT CLICK THAT FLASHING IGNORE BUTTON!

This is a common trick the scammer use: A fake button that makes you think that if you click it you will get rid of the popup.

But, of course, the opposite is true.

Instead of clicking the
[ACCEPT] or [IGNORE] buttons, close the window.

At this point the attack may have locked up your computer so that you can't close the message.

🚨 THIS IS WHAT YOU SHOULD DO 🚨

If that's the case, then shutdown your computer, and unplug it.  Unplug it even if it's a laptop.

Then wait at least 10 minutes before starting it up again.

Once you have rebooted, use your preferred virus scanner to scan your system, after you've check for the latest threat updates via the Internet.

I use Microsoft's built-in Defender Antivirus on my Windows 11 computers, and I check for the latest updates on a very regular basis (sometime multiple checks per day.)
 

CHART: Producer Price Index Final Demand (PPI-FD) 12-Month Percent Change - SEPTEMBER 2024 Update


OK, so if you accidentally click on that malicious [IGNORE] button, another popup will smack you in the face, and this time it will fill up your entire screen!

   šŸ’£> Do NOT Click ANYTHING in that WINDOW! <šŸ’£


EVERYTHING in that page is MALICIOUS and can do some very serious harm to your computer, or your finances, or your private data, etc.

So, again, if you can't close that window, scroll back šŸ‘† up this page šŸ‘† and follow the steps under the heading "THIS IS WHAT YOU SHOULD DO" and you should be OK. šŸ’«

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Thursday, April 23, 2026

Latest Norton Antivirus Protection Renewal Scam In My Inbox

www.FedPrimeRate.com: Latest Norton Antivirus Protection Renewal Scam In My Inbox
Email Scam Alert
OK, so here's another stupid and very lame attempt to scam the world, received in my main Gmail account today:

===============


Subject Line: Invoice Id : NJ7834H78EH39

Email Body: Dear ******* ,

Invoice Id : NJ7834H78EH39

Thank you  for connected with our norton anti-virus protection. This email is to notify you that your membership for your computer security & protection has been renewed

User Id : ********@gmail.com

Congratulations, you have successfully renewed your Norton Anti-Virus Protection membership.

You have been charged the payment of  $107.93 for 01 year Norton Anti-Virus Protection service from your bank account, via Debit/credit card.  If you didn’t authorize the charges or if you want to continue this service.

Kindly reach us immediately at      

1     8   0   6     4   5   4     5   7   3   7


Product                                       Unit Price                             Qty.                                            Total Amt.
Norton Anti-Virus Protection         $107.93                              


This Deduction will be reflected in 2-3 business days in your bank statement.

Note- This is a system generated mail.  Please do not reply to this mail ID. (1)  Call our 24-hr customer care.

Thank You

===============

How lame is this scam attempt?

1)  Well, the email address of the sender is: <alinasmith6254@gmail.com>

Hmmmm.....Not sent from Norton, me thinks: DERP!

2)
You see how the phone number is spaced out?  That's a giveaway too.  The scammer has formatted it like this in the hope that it will trick the email spam filter.  If the scam email goes to the spam folder, it's done.

For this particular scam email, it worked!  Gmail didn't send it directly to my spam folder.  I found it in my inbox.

3) I don't use Norton Antivirus.  I used to, a long time ago, with Windows XP, but I gave up on it as it consumed too much cpu time -- my computers got a lot slower -- and it was too expensive.  I find that Microsoft's built-in Windows Defender antivirus / anti-malware / anti-spyware works great.  Of course, because I'm a total Nazi about these things, I run Windows Update every time I rest and massage my hands (to prevent carpal tunnel syndrome), which is about every 10-15 minutes.

I also run a Windows Defender Offline Scan often, because most experienced malicious coder / hacker deviants know how to hide their BS in places that are hard to clean.

 

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Wednesday, April 22, 2026

A "For Food" Payment Request Scam Attempt on Cash.APPĀ®

www.FedPrimeRate.com: A "For Food" Payment Request Scam Attempt on Cash.APPĀ®
www.FedPrimeRate.com: "For Food"
Payment Request Scam
Attempt on Cash.APPĀ®

Here's a first: Someone trying to scam me via Cash APPĀ®.

$25.00 for food, for someone with the name Chivo Valluco. Fake name?  Sounds pretty darn fake to me! šŸ˜

It was just a matter of time, since my business Cash App ID ($cashtag) is visible on the Internet, for all to see.

Blocking the scammer was a quick and easy.

www.FedPrimeRate.com: A "For Food" Payment Request Scam Attempt on Cash.APPĀ®

Some of these Cash.APP scams are very crafty and sophisticated.  Here's a clip from a ForbesĀ® article:

"...Sometimes, they even send money to the Cash App user and then say it was an accident. Then they ask for a refund, but the money was initially sent from a hacked or stolen account. The user sends back the money, but now they're left with the headache of dealing with the original fraud...."
Yikes! #Beware! šŸ˜“

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Tuesday, April 21, 2026

A Sophisticated Money Transfer Scam by Scammers Using ZelleĀ®

This New York Times article was written by Michael Wilson:

CHART: Producer Price Index Final Demand (PPI-FD) 12-Month Percent Change - SEPTEMBER 2024 Update
 

A Sophisticated Money Transfer Scam by Scammers Using ZelleĀ®
A Sophisticated Money Transfer
 Scam by Scammers Using ZelleĀ®
I’ve Written About Loads of Scams. This One Almost Got Me.
ā€œPlease hold,ā€ the caller said, ā€œwhile I transfer you to my supervisor.ā€

It was a Wednesday in August, a little before lunch. The call came from a 212 number, which for a New Yorker could be almost anything -- the school, the pharmacy, the roof guy -- so I answered.

The caller asked for me by name and stated in measured tones that he was from ChaseĀ® Bank and he wanted to verify transfers being made from my account to someone in Texas.

Wrong number, I said. I don’t have a Chase account.

But one was recently opened in your name, he replied, with two Zelle transfers. And minutes ago, someone tried to transfer those funds, $2,100, to San Antonio.

Now, this carried the whiff of plausibility. I’m one of some 150 million people who have access to
ZelleĀ®, the payments platform that lets you send and receive money from your phone. But my scam radar was also fully operational and pinging.

ā€œHow do I know this isn’t a scam?ā€ I asked, sounding like that guy in every movie who asks an undercover cop if he’s a cop.

He had a quick answer. Look at the number showing on your phone and Google it, he replied. ā€œNow look up the Chase branch at 3 Times Square,ā€ he instructed. ā€œSee the office phone number?ā€ I did, and it matched the one on my phone’s screen.

Then he added, ā€œHere at Chase, we’ll never ask for your personal information or passwords.ā€ On the contrary, he gave me more information -- two ā€œcancellation codesā€ and a long case number with four letters and 10 digits.

That’s when he offered to transfer me to his supervisor. That simple phrase, familiar from countless customer-service calls, draped a cloak of corporate competence over this unfolding drama. His supervisor. I mean, would a scammer have a supervisor?

The line went mute for a few seconds, and a second man greeted me with a voice of authority. ā€œMy name is Mike Wallace,ā€ he said, and asked for my case number from the first guy. I dutifully read it back to him.

ā€œYes, yes, I see,ā€ the man said, as if looking at a screen. He explained the situation -- new account, ZelleĀ® transfers, Texas -- and suggested we reverse the attempted withdrawal.

I’m not proud to report that by now, he had my full attention, and I was ready to proceed with whatever plan he had in mind. 

Internet fraud has grown steadily, with 2024 setting new record-high losses -- ā€œa staggering $16.6 billion,ā€ the F.B.I.’s annual Internet Crime Complaint Center wrote in a recent report. These crimes include elaborate cryptocurrency schemes and ransomware attacks on entire cities, but phishing and spoofing -- the cloning of an actual phone number -- still lead the list of some 860,000 complaints last year.

Are these scams entering some sort of improved, 2.0 version of the old-school Nigerian-prince-type setup?

ā€œI wouldn’t call it an improvement,ā€ said Paul Roberts, an assistant special agent in charge of the New York offices of the F.B.I. ā€œIt’s an adaptation. As the public becomes more aware of schemes, they need to adjust.ā€

The man claiming to be a Chase supervisor asked me to open Zelle. Where it says, ā€œEnter an amount,ā€ he instructed me to type $2,100, the amount of the withdrawals he was going to help me reverse.

Then, in the ā€œEnter phone number or emailā€ window -- where the other party in a Zelle transaction goes -- he instructed me to type the case number the first caller had given me, but to leave out the four letters. Numbers only. I dutifully entered the 10 digits, but my skepticism was finally showing up.


ā€œMr. Wallace,ā€ I said, somewhat apologetically. ā€œThis case number sure looks like a phone number, and I’m about to send that number $2,100.ā€

No, he replied, because of this important next step. In the window that says ā€œWhat’s this for? ā€ where you might add ā€œbabysitterā€ or ā€œblock party donation,ā€ he told me to enter a unique code that would alert his team that this transaction should be reversed.

It was incredibly long, and he read it out slowly -- ā€œS, T, P, P, six, seven, one, two ā€¦ā€ -- and I typed along. Now and then he even threw in some military-style lingo: ā€œā€¦ zero, zero, Charlie, X-ray, nine, eight ā€¦ā€

Once we were done, he had me read the whole 19-character code back to him.

Now, he said, press ā€œSend.ā€

But one word above the ā€œWhat’s this for?ā€ box containing our special code with the X-ray and the Charlie kept bothering me: ā€œOptional.ā€

Then I had an idea, and asked the supervisor if he was calling from 3 Times Square. Yes, he said.

I’ll come to you, I said, and we’ll fix this together.

By then it will probably be too late, he said.

ā€œI’ll call you back,ā€ I said, and he said that would be fine, and I hung up.

I called my bank and confirmed what I’d come to suspect. There had been no recent Zelle activity.

My jaw dropped when I went back and looked at my call history. Sixteen minutes — that’s how long they had me on the line.

In decades as a crime reporter, I’ve covered many, many scams -- psychic scams, sweetheart swindles, real-estate scams, even the obscure ā€œnanny scam,ā€ where a fake mother reaches out to a young caregiver to try to rip her off.

I should be able to spot a scam in under 16 seconds, I thought -- but 16 minutes?

I wanted to know why this scam seemed to work so much better than others...

CHART: Producer Price Index Final Demand (PPI-FD) 12-Month Percent Change - SEPTEMBER 2024 Update 
The full article continues here 
(New York Times subscription required)

 CHART: Producer Price Index Final Demand (PPI-FD) 12-Month Percent Change - SEPTEMBER 2024 Update 

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Monday, April 13, 2026

Existing Home Sales During MARCH 2026

Existing Home Sales report for March, 2026 was released by The National Association of REALTORSĀ® (NARĀ®) this morning:

======================

Previous Month: 4,130,000

  • Actual: 3,980,000
======================

  •  Change from Previous Month: -3.63% (+150,000 homes)

  •  Year-on-Year (Y-o-Y)-1.0% (-40,000 homes)
======================

  • Inventory: 1,360,000 homes.
(4.1 months supply | +30,000 [+2.26%] homes Y-o-Y.)

======================

The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

------------------------------------------------------

  • Median Price: $408,800

  • Price Change from A Year Ago: +1.41% (+$5,700)

------------------------------------------------------ 

==========

==========

From Today's Report:

"...'March home sales remained sluggish and below last year’s pace,' said NAR Chief Economist Dr. Lawrence Yun. 'Lower consumer confidence and softer job growth continue to hold back buyers.'

'Inventory remains a major constraint on the market,' Yun said. 'The inventory-to-sales ratio, or supply-to-demand ratio, is below historical norms. An additional 300,000 to 500,000 homes for sale would help bring the market closer to normal conditions and allow consumers to make purchase decisions without feeling rushed.'

'Because inventory remains limited, the median home price rose to a new record high for the month of March,' Yun added. 'That price growth has helped the typical homeowner accumulate $128,100 in housing wealth over the past six years.'

'Mortgage rates have been rising, and that has led us to trim our home sales outlook for the year,' said Yun. 'Even with a more modest pace of sales growth, home prices continue to steadily increase due to minimal inventory growth.'
..."

==================

INFOGRAPHIC: Existing Home Sales MARCH 2026 UPDATE (Copyright Ā© 2026 REALTORSĀ®)
INFOGRAPHIC: Existing Home Sales
MARCH 2026 UPDATE
(Copyright Ā© 2026 REALTORSĀ®)
==================

==================

==================

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Sunday, April 12, 2026

Consumer Sentiment: PRELIMINARY Results for APRIL 2026

The University of Michigan's Index of Consumer Sentiment (ICS) - FINAL Results for April, 2026 was released today:

Predicted: 54.0
  • Actual: 47.6
=========

  • Change from Previous Month: -10.69% (-5.7 points)

  • Change from 12-Months Previous: -8.81% (-4.6 points)

=========

  • Final ICS Reading for March, 2026: 53.3

  • Final ICS Reading for April, 2025: 52.2

=========

From Today's Report:

"...Consumer sentiment sank about 11% this month, extending a decline that began with the start of the Iran conflict, and is currently about 9% below a year ago.

Demographic groups across age, income, and political party all posted setbacks in sentiment, as did every component of the index, reflecting the widespread nature of this month’s fall.

One-year expected business conditions plunged about 20% and is now 6% below last April. Assessments of personal finances declined about 11%, with consumers expressing a substantial increase in concerns over high prices and weaker asset values.

Buying conditions for durables and vehicles worsened, again on the basis of high prices. Open ended comments show that many consumers blame the Iran conflict for unfavorable changes to the economy. Note that 98% of interviews were completed prior to the April 7th announcement of a temporary cease-fire.

Economic expectations will likely improve after consumers gain confidence that the supply disruptions stemming from the Iran conflict have ended and gas prices have moderated.

Year-ahead inflation expectations surged from 3.8% in March to 4.8% this month, the largest one-month increase since April 2025 (see chart, black dashed line and black circle).

The current reading exceeds those seen in 2024 and remains well above the 2.3-3.0% range seen in the two years pre-pandemic. Long-run inflation expectations ticked up from 3.2% last month to 3.4% this month, the highest reading since November 2025.

In 2024, values ranged between 2.8% and 3.2%, while in 2019 and 2020, they were consistently below 2.8%..."
=========
CHART: Expectations Worsen After Start of  Invasion of Iran, Particularly Over Short Run
CHART: Expectations Worsen After Start of 
Invasion of Iran, Particularly Over Short Run 
 
=========

The ICS is derived from the following five survey questions:

  1. "We are interested in how people are getting along financially these days. Would you say that you (and your family living there) are better off or worse off financially than you were a year ago?"

  2. "Now looking ahead, do you think that a year from now you (and your family living there) will be better off financially, or worse off, or just about the same as now?"

  3. "Now turning to business conditions in the country as a whole, do you think that during the next twelve months we'll have good times financially, or bad times, or what?"

  4. "Looking ahead, which would you say is more likely: that in the country as a whole we'll have continuous good times during the next five years or so, or that we will have periods of widespread unemployment or depression, or what?"

  5. "About the big things people buy for their homes, such as furniture, a refrigerator, stove, television, and things like that. Generally speaking, do you think now is a good or bad time for people to buy major household items?"
=========


=========

The ICS uses a 1966 baseline, i.e. for 1966, the ICS = 100. So any number that is below the 1966 baseline of 100 means that the folks who were polled recently aren't as optimistic about the U.S. economy as those polled back in 1966.

The ICS is similar to the Consumer Confidence Index in that they both measure consumer attitudes and offer valuable insight into consumer spending.

=========

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

=========
=========

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Monday, April 06, 2026

Fake (and Verified!) Accounts on X.com: This is NOT Timothy Geithner

Fake (and Verified!) Accounts on X.com: This is NOT Timothy Geithner
This is NOT Timothy Geithner
So this scammer using a fake X.com account, posing as former Treasury Secretary Timothy Geithner, sent me a direct message (DM) with the words "Greetings Brother."
  • This fake account has a convincing username: @SECTIMOTHY

  • The account is Verified, so this scammer paid for verification. They are stepping up their game.  Scammers are now willing to pay to create convincing fake accounts on X.com.  There was a time when the Verified blue checkmark could be faked.  No longer. Elon fixed that.

  • The account has only 1,180 followers. For a former Treasury boss? Another giveaway.

  • Not a talented scammer, for sure. No header image. Lame.

  • Why would a former Treasury boss send me a DM saying, "Greetings Brother???" Stupid.

  • The profile is described as "75th U.S. Secretary of the Treasury from 2009 to 2013 now based in private sector."  Watch out for fake "spam and scam" accounts like this one.  Block and report them. āœ…šŸ‘šŸ™Œ

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bing

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SCAMS!

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