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AlertScams · Phone fraud2 min read

Phone scammers ask victims to hide cash in cereal boxes

Sheriff's officials say a phone scam in Clay County, Florida cost victims nearly $70,000 in about two weeks. Callers tell people to hide cash in cereal boxes.

By the Dashline deskSource: Action News Jax
Phone scammers ask victims to hide cash in cereal boxes
Photo: Dennis Cortés cortes, CC0
Act this week
What happenedCallers pose as bank fraud staff or federal investigators and tell victims to put cash in a cereal box and hand it to a stranger.
Who is affectedOlder residents of Clay County, Florida have been the main targets, but anyone with a bank account and a phone could get this call.
What to do
  1. 1Hang up if a caller asks you to withdraw cash or stay on the line.
  2. 2Call your bank directly using the number on your card or statement.
  3. 3Talk to a family member before you move any money.
  4. 4Report the call to local law enforcement, even if you lost nothing.

Scammers in Clay County, Florida, are telling people to hide thousands of dollars in a cereal box and hand it to a stranger. The Clay County Sheriff's Office says victims have lost nearly $70,000 in about two weeks. Older residents have been the main targets.

How the scam works

The caller claims to be an investigator with a bank's fraud department or a federal agency. The caller warns that the victim could lose their life savings. To prevent that, the victim is told to withdraw $5,000 to $10,000 in cash. One reason given is that investigators need to lift fingerprints off the money. The caller promises the cash will come back once the investigation ends.

Victims are told to stay on the phone, buy a box of cereal and put the money inside. Then they are sent to meet someone and hand over the box. Detective Alyssa Huggins, of the sheriff's financial crime section, says the callers put fear in people's minds. She says the whole thing can unfold within minutes.

What to do and what is not known

The steps in the alert box above cover what to do if this call comes to you. The key point is that a real bank or agency will never ask you to withdraw cash and give it to someone. Huggins also urged children and grandchildren to talk with older relatives about current scams.

The sheriff's office says these scams keep changing and tend to increase during the holiday season, so the cereal box may not be the last version. The report does not say how many people were hit or whether anyone has been arrested. Huggins said victims have been coming forward only after handing over the money.

The takeaway

No real bank or agency will ever ask you to withdraw cash and hand it over, so hang up and call your bank yourself.

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