Peak Prosperity How to Avoid Becoming a Victim of Financial Scammers. Long Bonds Say, “Creak! Pop!”
Jul 11, 2025
In this enlightening discussion, Paul Kiker, a Wealth Management Specialist, shares his expertise on the rising threat of financial scams, especially those enhanced by AI. He recounts a cautionary tale about an elderly woman's experience with scammers, emphasizing the emotional fallout. Kiker stresses the importance of digital hygiene to protect one’s finances and urges listeners to adopt a skeptical approach to investing. Additionally, he addresses the implications of rising interest rates on bonds and the need for proactive financial planning amid market volatility.
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Elderly Client Targeted by Scam
- An 80-year-old client was scammed into buying fake treasury bonds and gold through sophisticated fraud.
- The scammers mimicked the Department of Treasury and used hacked information to deceive her emotionally.
Dedicated Email for Finances
- Use a dedicated email account for financial logins and nothing else to isolate it.
- Always use a unique, complicated password for that email, and change it every six months.
Avoid Scam Phone Numbers
- Never call phone numbers that pop up after a supposed computer breach alert.
- Instead, shut down your computer and have a professional scrub it completely for malware.
