The caller warns that those without a replacement strip or dot will be unable to use the credit card. Intended victims are told to provide credit card account numbers for verification. He tells the senior citizens to turn their assets into paper money and mail it to him so he can turn it into gold and mail it back to them. Sending unsolicited messages selling investment opportunities in companies or products that are touted as capable of fixing the Y2K problem. Shipped to the customer's home, purchasers' addresses indicate who has cash stashed at home.
Thieves can know exactly what book to look for on the bookshelf.
The con artist then switches the long distance service. The FDIC wants you to be Y2K-careful. The offer is from an unfamiliar company, often without a street address or direct telephone number. The person or company won't give you written details of the offer. You're asked to give cash, a check, or your credit card or bank account number before you receive goods or services.