A new scam making rounds through YouTube ads is luring Americans in with promises of thousands in easy government subsidies. The website “subsidyapprovals.com” claims users can qualify for up to $5,600 in financial assistance for medical and everyday expenses. But investigators warn this is fraudulent claim intended to exploit vulnerable citizens.
What is SubsidyApprovals.com? Is it a $5,600 Subsidy Scam?
This fraudulent site launched on January 25th, 2024, meaning it has only been operating for about a month at most. The ad campaign spreads through YouTube video ads which redirect users to fill out the subsidyapprovals.com eligibility form.
After answering just two questions, users are told the qualify and must call a fake phone number 888-815-0624 to “claim their benefits.” It is a scam attempt so don’t fall in their trap.
Advertising Unrealistic Government Subsidies
The site asserts that Americans making under $50,000 annually “have all of your prescriptions, dental, vision coverage, essential needs, and more paid for at almost no cost.”
Financial assistance worth thousands for daily costs sounds too good to be true. Unfortunately, government programs simply do not offer blanket subsidies remotely close to these promised amounts.
High Pressure Tactics
Subsidyapprovals.com pressures users to act fast by claiming “your spot is being held” and placing calls will help people “claim your benefits.”
This urgent language intends to get users calling before properly researching the legitimacy. All signs show this urgency only benefits potential scammers on the other end.
Investigators Advise Extreme Caution
Consumer protection experts state this website exhibits numerous red flags indicative of a fraudulent operation.
The medical and financial subsidies claimed are unrealistic and little to no eligibility verification occurs in the process. Users provide valuable contact and personal details under the guise of accessing pledged funds that likely will never materialize.
How to Identify Government Subsidy Scams
When evaluating a website’s claims regarding government financial relief, here are tips for spotting probable scams:
- Benefits and subsidies radically exceed amounts offered through authentic programs
- users instantly qualify by answering insufficient screening questions
- Aggressive marketing insists you “act now” before “offers expire”
- Poorly worded privacy policies showing limited accountability or fact-checking
- No government affiliation disclaimers despite mimicking assistance sites
Reputable examples like benefits.gov thoroughly vet qualifications before determining any aid eligibility.
What You Can Do If You Encounter This Scam
If you come across ads redirecting to subsidyapprovals.com, do not call the listed phone number or submit any personal details. Reporting the YouTube video ad and website to the FTC also helps curb the scam’s reach. Consider searching benefits.gov if interested in actual government assistance opportunities.
But remember – authentic programs will not pledge thousands upfront without income verification. Any site immediately offering huge subsidies with little eligibility screening intends to defraud good-faith Americans. With scam operations like subsidyapprovals.com on the rise, maintain caution to protect your personal and financial information.