News

Verizon $1 Scam {Dec 2020} Facts About The Verizon Scam!

Verizon $1 Scam 2020

Verizon $1 Scam {Dec 2020} Facts About The Verizon Scam! >> Read a scam that has been hidden from eyes of many telecommunications consumers & hit pockets.

Many scams came under investigation in the United Statesand got caught up, but some sneaky scams seem so little that they won’t come on the radar like Verizon $1 Scam.

In the most famous discussion forum, a user asked, “which is the most unnoticed scam”?

A user listed some of the scams that didn’t come to people’s attention, which was related to Verizon.

Table of Contents

What is Verizon?

It is an American multinational telecommunications company based in New York, United States. The interesting fact is that its subsidiary Verizon Wireless is the second-largest wireless communications service provider in 2019.

They have built up customers in 57 cities and expanded their technology, which now provides 4Gbps speed under ideal conditions through which, in some places, people can stream online movies in seconds.

What is Verizon $1 Scam?

On famous discussion forum, which is an online community where you can post, vote, and comment, a user asked a unique question- “What is a scam not many people notice?”.

Another one listed some of the scams in the thread to answer the user, stating that these kinds of frauds people usually let go. Among them, Verizon one was also written.

The user explained that the telecommunications conglomerate Verizon, each month, fixed a $1 fee on 8% of their customer’s bills. Every year they repeated it with every consumer and got 150 million dollars in the end. Read further to know the reason for it.

What was the logic behindVerizon $1 Scam?

The point behind this scam was that the amount is very menial, and 50% wouldn’t notice it and will pay the charge or, if they did observe it, won’t mind paying it.

It would bring attention to the other 50% of customers and try to remove it through calls. 35% of people will, later on, get fed up with calling and eventually give up the fight.

Finally, approximately the company would end up stealing 120 million dollars each year (3 in total) until they get caught by the authorities. And if that happens, they will pay a fine of 25 million dollars and get released.

How did users respond to it?

Not surprisingly, people criticized Verizon $1 Scam vehemently and expressed their disappointments on the amount of fine the scammer should pay.

In one of the user’s opinions, they must pay the exact money they stole from its customers. If not, they would continue doing this.

Others are saying that it’s a great way of stealing money till one gets caught. The imposing fine is not enough, and they shouldn’t be released so easily.

Final Verdict

Such small scams are not visible to many, and they keep happening over time, stealing people’s hard-earned money.

Verizon is a reputed company, and they wouldn’t want to lose their goodwill in the market by repeatingVerizon $1 Scam, but many small businesses fall to a low level.

People must be aware if someone is asking even a menial amount of money because that concludes with a big dollar.

If you have been scammed like that, please share your experience with us in the comment section.

Leave a Response