In a recent twist in the ‘fake tax debt’ scam, we have received increasing reports of a new scam method where scammers impersonate registered agents to lend legitimacy to their phone call.
The fraudsters do this by:
- coercing the victim into revealing their tax agent’s name, and
- initiating a three-way phone conversation between the scammer, the victim, and another scammer impersonating the victim’s registered agent or someone from the agent’s business.
Victims have fallen for this new approach. In one recent example, a victim withdrew thousands of dollars in cash and deposited it into a Bitcoin ATM, fearing police had a warrant out for their arrest. The phone conversation with the scammers appeared legitimate, and the victim trusted the advice of the scammer ‘tax agent’.
The ATO will never:
- demand immediate payments
- threaten you with arrest
- request payment by unusual means such as iTunes vouchers, store gift cards or Bitcoin cryptocurrency.
If you are suspicious about a phone call from someone claiming to be the ATO or another person from our accounting business who you do not know, we recommend you immediately disconnect the call. Simply hang up the call and contact your advisor at MVP Financial to directly to confirm the status of your tax affairs.