The latest mask worn by scamming debt collectors is a real slap in the face, given that the con artists pose as the very state agencies that go after them. At least three attorneys general offices (New York, Virginia and Missouri) have recently issued warnings about being spoofed. Impersonating the attorney general or reps of that official, crooks threaten consumers with arrest unless a supposed debt is immediately paid.
Next week, Publishers Clearing House will choose one lucky person (and his or her designated beneficiary) to receive $5,000 a week for life. Meanwhile, PCH-posing scammers are picking their own “winners.”
If you have money, scammers have a way to take it from you. Con artists talk about getting their victims so emotionally charged up that they are unable to think logically. They call it "under the ether," and it is how they play on hope, fear and empathy to defraud their victims.
The scam is sometimes deceptively simple, as easy as stealing a credit card offer from your trash. Other times it can be far more complex, like the infamous con preying on worried grandparents. No matter the form, the impact is devastating. Identity theft, investment fraud and scams rob millions of Americans - last year there were 12.6 million victims of identity theft alone.
When you think about gangsters with ostentatious tastes, you tend to think of guys like Tony Montana, the fictional drug lord portrayed by Al Pacino in the 1983 film Scarface. Remember him sitting in an ornate mansion with gold chains dangling out of an open-necked black silk shirt and diamond rings decorating his hands that clutched a grenade launcher? Well, the scam artists who make millions ripping off older Americans apparently spend their ill-gotten proceeds getting gaudy as well.
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.
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