Job Scams Targeting Recent Graduates

Overview of the Scam

Recently, someone I know fell victim to a job scam where bad actors posed as a legitimate company hiring recent college graduates. The company appeared professional, conducted a formal interview process, and extended a job offer. As part of the onboarding process, they sent a check to the new hire, instructing them to use the funds to purchase necessary work equipment. Unfortunately, the check was fraudulent, and once deposited, it resulted in financial loss for the individual when the bank determined the check was fake and reversed the funds.

How These Scams Work

1. Fake Job Postings – Scammers create job listings on reputable job sites or reach out directly to job seekers via email or social media.
2. Impersonating Real Companies – They use company names, logos, and professional-looking emails to appear credible.
3. Job Offers Without Verification – Offers are often extended quickly without in-depth interviews or background checks.
4. Fake Payment for Equipment – Scammers send a fraudulent check or request payment transfers to “vendors” they control.
5. Stolen Personal Information – Victims may be asked to provide sensitive data, such as Social Security numbers or banking details, which can lead to identity theft.

Protecting Yourself from Job Scams

• Verify the Employer – Research the company by visiting its official website and calling listed contact numbers to confirm job openings.
• Check Email Domains – Legitimate companies use corporate email addresses rather than free services like Gmail or Yahoo.
• Avoid Upfront Payments – A legitimate employer will never require employees to pay for equipment or training.
• Be Wary of Unsolicited Offers – If you didn’t apply for a job but receive an offer, it’s likely a scam.
• Verify Funds Before Spending – If you receive a check, confirm with the bank that it has cleared before using the funds.
• Report Suspicious Activity – If you encounter a suspected job scam, report it to the Federal Trade Commission (FTC) or the job board where it was posted.

Conclusion

Job scams targeting recent graduates are increasing in sophistication, making it essential to stay vigilant. Always verify job offers, be cautious of unexpected financial transactions, and trust your instincts if something seems too good to be true. Educating yourself and others about these scams can help prevent financial and identity theft-related losses.