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Worst money scams of 2017 - Watch out for fraudsters' new tricks

Worst money scams of 2017 - Watch out for fraudsters' new tricks
Image courtesy of Dreamstime

We're always warning you about scammers trying to steal your money. One day, it's an email from a Nigerian prince saying he has money for you; the next day it's the IRS screaming that you are going to be arrested!

The point is that scammers are always changing. Once you've figured out their tricks, they adapt and change.

One thing that doesn't change, though, is their motivation. Scammers are going to figure out how to get your money, sometimes tens of thousands of dollars.

It's important that you know what scams are out there and how to spot them. Here are three of the worst scams so far this year.

Jury Duty Scam

Scammers love to scare you. That's why this scam is so effective.

They pretend that they're from your local courthouse and say you're going to be arrested for missing jury duty! Once you're panicked, they ask you to confirm your identity with your Social Security number. They'll steal your identity and use it to sign up for credit cards, apply for loans and possibly steal your tax refund.

What you need to know: Your court will not call you if you miss jury duty. They will most likely send you a follow-up letter. More importantly, they will never ask for your Social Security number. Hang up! Then, call your courthouse if you have any lingering concerns.

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