The Wichita Falls PD's Financial Crimes Unit has been investigating a scam that's been emerging in the area, that has resulted in financial institutions losing thousands of dollars.
Police were made aware of the scam late last week.
They say suspects in the area attempt to make cash advances on some sort of credit card at a bank or another financial institution.
Officers say often it's pre-paid cards like Visa's Netspend card.
The suspect will call and get the pre-authorization code for the card in front of the teller and then the suspect gets the cash advance, and reports say it's often large amounts of money.
Then the card is later found stolen, resulting in thousands of dollars lost.
This is a type of scam that Sergeant John Spragins says he hasn't seen before, but says online scams and credit card fraud are very common.
"If it sounds too good to be true, then it probably is. There's scams on every day, so just be aware. And if you think its a scam, call the police department," Spragins says.
While police are still investigating, there are some things that businesses can do to prepare for these types of scams.
Monica Horton with the Better Business Bureau says it's important for financial institutions to do all they can to protect themselves from losing money and stop these scams from happening.
"In this situation when someone comes in and they want a cash advance on their credit card, the financial institution needs to do their due diligence to make sure that the person that is standing at their teller window, is actually the owner of that credit card," Horton says.
Investigators still do not have much information from the credit card companies and police are advising businesses to use extreme caution before authorizing cash advances.
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