MILWAUKEE – Wisconsin Better Business Bureau (BBB) says with the news that retailer JOANN Fabrics declared bankruptcy and announced the closure of all physical store locations, scammers are wasting no time setting up fake going out of business and liquidation websites.
How the scam works
What we know:
A news release from BBB says you see an online ad on social media for a JOANN “going-out-of-business” sale. You click on the ad, which takes you to a website that looks quite identical to the real JOANN website with the company’s real logo and images. There, you see that their merchandise is extremely discounted to 80-90% off. The products being sold are products that you are familiar with purchasing at JOANN, so the…
