15min chapter

Making Money cover image

Scams; How to spot them, handle them and protect yourself

Making Money

CHAPTER

Understanding Vulnerability in Scams and Fraud

This chapter explores how vulnerability can lead anyone to fall for scams and fraud, detailing a specific case of a woman who lost money due to medication side effects. It discusses banks' responsibility in covering losses, the challenges faced by scam victims, and the subjective criteria used to determine vulnerability. The conversation also touches on banks' refund policies, frustrations with certain institutions, and provides advice for individuals seeking to recover their funds.

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