A phone scam that convinces victims to hand over cash hidden in cereal boxes has cost people in Clay County nearly $70,000 in the past two weeks, according to the Clay County Sheriff’s Office.
Investigators say the scam has targeted older residents. Callers pose as investigators with a bank’s fraud department or a federal agency and warn victims they could lose their life savings unless they follow instructions to withdraw $5,000 to $10,000.
“They’re putting fear into their minds. Like something bad’s gonna happen if they don’t listen to their instructions,” said Alyssa Huggins, a detective with the sheriff’s office’s financial crime section…