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2016 HUD Alert on Phony Grant Scams (AHAO62E)

Presented by: Paul Flogstad
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Event Description

Examine the Fraud Alert Issued By HUD in 2016 Regarding Phony Scams

“Because you pay your income taxes on time, you have been awarded a free $12,500 government grant! To get your grant, simply give us your checking account information, and we will direct-deposit the grant into your bank account!”

Emails scams such as those above are becoming increasingly commonplace. At times, it is an ad claiming that you will become eligible to receive a “free grant” to pay education costs, unpaid bills, home repairs, home business expenses etc. Other times, it could be a phone call supposedly from a “federal or government” agency or any other organization with an official sounding name. In both cases, the claim is same – there is a guarantee regarding acceptance of your grant application and you would require to pay the money back. These are just examples of the various scams trying to get you to hand over your money to an unscrupulous source.

In June of 2016 HUD issued a fraud alert about these phony scams. In this session, expert speaker Paul Flogstad will examine their letter and other information provided by authorities in this field. It will include data from the Federal Trade Commission, the Federal Inspector General as well as from various States Attorney Generals.

Session Highlights:

This session will provide various information on how to protect your hard-earned money from such scams, and providing you some needed information such as:

  • A government grant-making agency will never call, send letters or emails to solicit personal banking information or money from a potential banking information.
  • There are no processing fees for federal grants.
  • Federal grants are intended for non-profits and institutions to carry out projects with a public purpose and are not issued for personal use.
  • Know who you’re dealing with on the web. Scam artists will often post a website with a name similar to a legitimate site.
  • If you have provided personal banking information to anyone claiming to be associated with a Federal grant agency, call your bank immediately to prevent unauthorized access to your account.

Who Should Attend

  • Property Managers
  • Property owners
  • Lenders
  • Realtors
  • Developers
  • Grant Writers
About Our Speaker(s)

Paul Flogstad | Multi Housing Property Management SpeakerPaul Flogstad
Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management and property management consulting/training. Through his consulting company, Property Management Solutions, he provides training and consulting servi... More info

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    Event Title: 2016 HUD Alert on Phony Grant Scams
    Presenter(s): Paul Flogstad

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