Suburban mom loses $20,000 to Social Security scam
Contributor John Matarese tells the story of how a suburban mom was convinced in a phone call to withdraw $20,000 from her bank accounts and then purchase Target gift cards. The card numbers were then read to the caller over the phone. Thus in a about an hour’s time, $20,000 was gone to a scam artist posing as an official from The Social Security Administration. The takeaways are these:
- The Social Security Administration, IRS or FBI will never call you to say a warrant is out for your arrest.
- No government agency will ever demand you wire money to them, or purchase gift cards.
- If you receive one, you can report it to the Social Security Administration through this link.
The full piece can be read here.