1A Confronting The Shame, Success, And Stigma Of Scams
Dec 10, 2024
Michelle Singletary, a personal finance columnist at The Washington Post, delves into the staggering $10 billion lost to scams last year. She discusses the emotional toll on victims who often feel ashamed, emphasizing the need to dismantle stigma surrounding these experiences. Listeners hear heartbreaking personal accounts of deception, highlighting the psychological tactics used by scammers posing as trusted figures. Michelle also calls for community awareness, financial literacy, and government support to help protect against these increasingly sophisticated scams.
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Howard's Grandmother's Scam
- Howard's grandmother was scammed out of $7,000-$8,000.
- Scammers claimed Howard was arrested and needed bail money.
Judith's $600,000 Loss
- Judith, a retired therapist, lost $600,000 to scammers posing as government officials.
- They convinced her to move her money to a "government locker" for safekeeping during a fake investigation.
Verify Arrest Warrants
- If someone claims there's a warrant for your arrest, be suspicious.
- Contact the relevant authorities directly to verify the claim.