Scammers exploiting Joann Fabrics' bankruptcy for fraud

Scammers are taking advantage of the recent bankruptcy of Joann Fabrics. The company is closing all its physical stores, and this has opened the door for fraudulent websites. According to the Better Business Bureau (BBB), these scammers are creating fake "going out of business" and liquidation sites. They appear very similar to the real Joann Fabrics website. When people click on advertisements, they are taken to a site featuring the familiar Joann logo and items at steep discounts of 80-90%. However, Joann Fabrics recently warned that online shopping is no longer available. The fake sites do not have the official joann.com URL. Scammers want to steal personal and financial information from unsuspecting customers. The BBB has reported over 200 instances of these fake websites. To avoid falling for such scams, it is important to check websites against official sources. Be cautious of unbelievable deals and suspicious links on social media. Always be alert for requests for sensitive information, like Social Security numbers. Using a credit card for online shopping offers better protection against fraud compared to a debit card.