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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.



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