Money Monday: New phone scam warning

Scammers using public utilities as cover

Reminder: Companies do not call customers demanding payment

Phone scammers are targeting seniors, threatening to shut off their gas or power unless paid, often demanding payments in gift cards or Bitcoin.

People are advised to use caution as these scammers are using public utility companies as their caller ID.

Remember, companies do not call customers demanding payment and do not accept payments in the form of gift cards or Bitcoin.

For more information from the state of Michigan, go here.

Watch above for more information.

About the Author:

Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Planner™ Professional.