New Fraud Watch Network Campaign Informs Americans About Social Media Scams

Today, we unveiled a new Fraud Watch Network campaign to inform Americans about social media hazards and provide information about how consumers can protect themselves and their loved ones. While roughly 70 percent of Americans regularly use social media, according to the Pew Research Center, many aren’t aware of these new types of scams. We understand that scammers have been using email and telephone calls to target unsuspecting victims for years. But con artists are just as likely to use Twitter, …

‘Overstock’ Name Is Hot Holiday Hoax

Among the most common holiday shopping cons is cybersquatting, when scammers steal or slightly alter the name or website address of a well-known company to engage in rip-offs including identity theft, credit card fraud and sale of counterfeit goods. This holiday season, “Overstock” is certainly not being underutilized by scammers. The Better Business Bureau warns of a “noticeable trend” of phony websites using the word “overstock” somewhere in their domain name, “hoping to fool consumers into thinking they are shopping …

Love: A $56 Million Ripoff

The following is a guest post by Sid Kirchheimer: Love don’t cost a thing?  Not according to the latest findings of the FBI’s Internet Crime Complaint Center. More than 10 percent of total financial losses in online scams reported last year – about $56 million out of the $525 million overall – involved romance ripoffs. The biggest losers, in money and heartbreak: Women 50 and older, who lost $34 million, roughly two of every three dollars in romance scams. Similarly …

Be Smart With Your Moola!

Hey there blog readers,  Jenn here from the communications team. In this week’s blog post I want to call your attention to some great free events that are coming up on all things financial.  Did you know that this year marks the 10th anniversary of “Money Smart Week”?  Never heard of it, you say? Money Smart Week began as a coordinated effort of the Money Smart Advisory Council, a diverse group of more than 40 Chicago-area organizations working together to …

My Lucky, Lucky Day: Who Knew I Had $7.9 Million in Ghana?

I must share with you the good fortune that awaited me this morning in an e-mail my AARP spam filter inexplicably intercepted before it could reach me. Luckily for me, I don’t trust spam filters, as they invariably deprive me of the most interesting correspondence-and in this case very nearly prevented me from becoming independently wealthy for the rest of my life. The e-mail letter came from Alhaji Muhammad Mumuni, who is nothing less than the Minister for Foreign Affairs …