Monday, August 12, 2019

Phone Scamming: “This is Your Government Calling”

Since 2014, Michelle Singletary writes in The Washington Post, the FTC has received almost 1.3 million reports of scam phone calls from government imposters. Many, many more calls have gone unreported.

Popular current scam, judging from how often I receive the message: "Due to suspicious activity, your Social Security account has been suspended." Correcting the "problem" of course involves cleaning out the individual's bank account.

Singletary's column includes precautionary tips that wealth managers should pass along to their elderly clients.

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