Broker Check

Defeat Scammers With Disruption

April 24, 2024

I recently read an article about a financial columnist who fell victim to an elaborate and expensive scam.[1] The scam began with a phone call from a "trusted" retailer's customer service. It ended with the fraudsters impersonating the CIA, convincing the unsuspecting victim to put $50,000 in a shoebox and give it to a stranger. It may sound like something out of a thriller, but the truth is, it can happen to anyone, even the most cautious and informed among us.

If you ever receive a suspicious call, remember that you have the power to disrupt a scam in progress. You can interrupt the conversation and tell the caller that you will call them back. However, make sure to use a publicly available number to call back, not the number provided by the caller. For instance, if you receive a call from your bank, hang up and call back using the number on your bank's website or the back of your credit card. This simple act can make a big difference.

Remember, if you have doubts about the caller's legitimacy, refuse to engage until you have verified their identity through a trusted legal or authoritative body. Genuine organizations will not rush you into making instant decisions or asking for payments unorthodoxly and immediately.

Please get in touch with me if you need guidance or feel something is wrong. I’m here to help.

 

[1] A financial columnist was scammed out of $50,000. Here’s how to prevent it from happening to you (yahoo.com)