Are you thinking of betting on the upcoming NCAA basketball tournament? You might search online for a sports betting service. You find a website that looks trustworthy, and it may even offer an introductory bonus. You make your initial bet “risk free.”
You place a bet, and, at first, everything seems normal. But as soon as you try to cash out your winnings, you find you can’t withdraw a cent. Scammers will make up various excuses. For example, they may claim technical issues or insist on additional identity verification.
In other cases, they may require you to deposit even more money before you can withdraw your winnings. Whatever you do, you’ll never be able to get your money off the site. And any personal information you shared is now in the hands of scam artists.
One victim reported to BBB Scam Tracker: “I deposited money to put a wager for a sports game. I won the bet [and] attempted 3 times to cash out and 3 times it…