OldCoyote
Senior Associate
Joined: Dec 21, 2010 10:34:48 GMT -5
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Post by OldCoyote on Oct 3, 2019 8:21:51 GMT -5
That's good that something happen to stop this. Why did it take 9,000 victims and $40 million for something to happen?
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oped
Senior Member
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Post by oped on Oct 3, 2019 9:14:02 GMT -5
only by relatives...
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Tennesseer
Member Emeritus
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Post by Tennesseer on Oct 3, 2019 10:13:45 GMT -5
I always ask for something to be sent to me in writing regarding what the are offering. The scammers hang up.
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Tiny
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Post by Tiny on Oct 3, 2019 11:11:06 GMT -5
That's good that something happen to stop this. Why did it take 9,000 victims and $40 million for something to happen?
IDK -- maybe Because regulations and laws that constrain business is bad? (and more regulations to help protect against scammers would adversely effect legitimate businesses). Because a Nanny State is bad? (Because it's not up to the Government to protect people from themselves.) ?
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Deleted
Joined: Mar 28, 2024 13:29:02 GMT -5
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Post by Deleted on Oct 3, 2019 11:57:14 GMT -5
If banks have to flag deposits of $10,000 or more, couldn't they also flag withdrawals of $10,000 or more. Surely a computer could be programmed to analyze such data and alert the authorities sooner.
I am glad that DH no longer answers the phone or uses the computer. I go through his email for him, and it is loaded with phishing scams. It would just take one lapse in judgment.
To be fair, though, he has $21k in a savings account that is not linked to anything online. You have to show up at the Credit Union, fill out a withdrawal slip, etc. It was his idea because he had read about someone's savings getting wiped out. I am on the account as well.
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weltschmerz
Community Leader
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Post by weltschmerz on Oct 3, 2019 12:02:35 GMT -5
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weltschmerz
Community Leader
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Post by weltschmerz on Oct 3, 2019 12:05:06 GMT -5
On February 3, Trump signed an executive order outlining principles for regulating the U.S. financial system and calling for a 120-day review of existing laws, like the Dodd-Frank Wall Street Reform and Consumer Protection Act. The order was viewed as Trump’s opening attack on consumer protection laws.civilrights.org/trump-rollbacks/
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dannylion
Junior Associate
Gravity is a harsh mistress
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Location: Miles over the madness horizon and accelerating
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Post by dannylion on Oct 3, 2019 13:47:15 GMT -5
"No risk" and "guaranteed money back." From a telemarketer. Yeah, no red flags there.
No question the telemarketers are criminals and deserve whatever consequences are coming their way, but people who will invest money on the basis of the unicorn promises in a telemarketer's pitch will find other ways to become victims of scammers.
There will always be people looking for ways to make your money their money. We need to find ways to make potential targets more skeptical and less likely to fall for impossible promises. Unfortunately, it will probably never be possible to protect gullible people from themselves entirely.
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Deleted
Joined: Mar 28, 2024 13:29:02 GMT -5
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Post by Deleted on Oct 3, 2019 16:20:49 GMT -5
"No risk" and "guaranteed money back." From a telemarketer. Yeah, no red flags there. No question the telemarketers are criminals and deserve whatever consequences are coming their way, but people who will invest money on the basis of the unicorn promises in a telemarketer's pitch will find other ways to become victims of scammers. There will always be people looking for ways to make your money their money. We need to find ways to make potential targets more skeptical and less likely to fall for impossible promises. Unfortunately, it will probably never be possible to protect gullible people from themselves entirely. These are old people, though. They don't process the way they used to. Who knows how these unicorn promises were phrased. I almost fell for a scam the day I signed up for SS online. Almost immediately afterwards, I got a phone call saying that my SS account had been suspended because of a problem. It told me to call this number so I did. When the person told me I was about to be arrested, I hung up. (And the person immediately called me back. LOL.) The timing was perfect. I suspect that happens more than we realize.
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TheOtherMe
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Post by TheOtherMe on Oct 3, 2019 16:27:07 GMT -5
If banks have to flag deposits of $10,000 or more, couldn't they also flag withdrawals of $10,000 or more. Surely a computer could be programmed to analyze such data and alert the authorities sooner. I am glad that DH no longer answers the phone or uses the computer. We don't think dad can get scammed over the phone because he can't hear. He also would have to go to the credit union and has no way to get there without calling one of us. I was looking at his caller ID today and his phone provider (landline) had identified a lot of calls as "fraudulent call" or "suspected spam". Of course, he has never understood Caller ID. His accounts (except for his IRA) are all joint with my sister and me. I do have online access. The credit union put on a workshop that I attended about scams for the elderly. This area is small enough that a customer who actually goes in to a branch gets to be known to the employees. If an elderly person comes in want a large amount of cash, they try to determine the reason. The police who were there said that has stopped about 80% of seniors getting scammed over the phone.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Oct 3, 2019 21:36:39 GMT -5
Lol. Right?
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Happy prose
Senior Member
Joined: Dec 20, 2010 12:55:24 GMT -5
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Post by Happy prose on Oct 4, 2019 4:34:56 GMT -5
If banks have to flag deposits of $10,000 or more, couldn't they also flag withdrawals of $10,000 or more. Surely a computer could be programmed to analyze such data and alert the authorities sooner. I am glad that DH no longer answers the phone or uses the computer. I go through his email for him, and it is loaded with phishing scams. It would just take one lapse in judgment. To be fair, though, he has $21k in a savings account that is not linked to anything online. You have to show up at the Credit Union, fill out a withdrawal slip, etc. It was his idea because he had read about someone's savings getting wiped out. I am on the account as well. Didn't banks lower the amount of deposits to flag? I thought I read somewhere that a $6000 would be flagged. I could be wrong. Any bankers here?
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Deleted
Joined: Mar 28, 2024 13:29:02 GMT -5
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Post by Deleted on Oct 4, 2019 7:40:03 GMT -5
Dad was hit with the "grandparent scam". Someone pretending to be my niece called and said she'd been riding around with friends and didn't know they had drugs in the car and she'd been arrested. Dad panicked- he'd told us all our lives to keep our records clean so we could get a security clearance if needed (one brother DID need one) and my niece is a hospice nurse. He was afraid she'd lose her job. He wired them $7,000 from his Fidelity account and never saw it again. One of my brothers now has joint access to his account. They tried a similar scam with Mom when she was alive; it was supposedly my son, who'd gotten drunk at a bachelor party and been arrested. After Mom reminded Fake DS a couple of times that he was a teetotaller, the scammer hung up. I've gotten attempts from hacked e-mail and FB accounts of friends and acquaintances multiple times. The funniest was a fellow church member who'd been called to Kazakhstan on last-minute business and had been pickpocketed, couldn't check into his hotel, etc. Please wire money. I received the e-mail on Sunday afternoon and he'd been in church that morning. Maybe he took the Concorde? I deal with them all by asking them a question only the real person would know. They slink away.
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NoNamePerson
Distinguished Associate
Is There Anybody OUT There?
Joined: Dec 17, 2010 17:03:17 GMT -5
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Location: WITNESS PROTECTION
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Post by NoNamePerson on Oct 4, 2019 8:18:32 GMT -5
Dad was hit with the "grandparent scam". Someone pretending to be my niece called and said she'd been riding around with friends and didn't know they had drugs in the car and she'd been arrested. Dad panicked- he'd told us all our lives to keep our records clean so we could get a security clearance if needed (one brother DID need one) and my niece is a hospice nurse. He was afraid she'd lose her job. He wired them $7,000 from his Fidelity account and never saw it again. One of my brothers now has joint access to his account. They tried a similar scam with Mom when she was alive; it was supposedly my son, who'd gotten drunk at a bachelor party and been arrested. After Mom reminded Fake DS a couple of times that he was a teetotaller, the scammer hung up. I've gotten attempts from hacked e-mail and FB accounts of friends and acquaintances multiple times. The funniest was a fellow church member who'd been called to Kazakhstan on last-minute business and had been pickpocketed, couldn't check into his hotel, etc. Please wire money. I received the e-mail on Sunday afternoon and he'd been in church that morning. Maybe he took the Concorde? I deal with them all by asking them a question only the real person would know. They slink away. I got the grandkid scam once I don’t have any.
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raeoflyte
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Post by raeoflyte on Oct 4, 2019 9:50:56 GMT -5
I just recently got the SS call. Scammers like that bring out the hulk in me. I call them back over and over to take up their phone lines. I may have been known to "practice" the recorder very loudly into the phone when they answer. When I had a similar call a few years ago I called them so often that they finally blocked my number. I'm not proud of it, but they are preying on fragile people and I lose all common sense to just hang up and move on.
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laterbloomer
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Post by laterbloomer on Oct 4, 2019 9:53:50 GMT -5
I just got an email claiming to have infected my computer with malware, taken over my computer and using my camera to record me pleasuring myself. They wanted $1200 not to send it to all my contacts. I didn't pay so if you get a video...
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Tennesseer
Member Emeritus
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Post by Tennesseer on Oct 4, 2019 10:30:36 GMT -5
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azucena
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Member is Online
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Post by azucena on Oct 4, 2019 10:34:40 GMT -5
I've been getting 1-2 calls per week for two months claiming that the Chinese consulate is trying to reach me because there is a problem with my documentation. Luckily they aren't spoofing local numbers so I don't answer, and they just leave the same message. I feel like I have to answer local numbers because I have young kids.
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alabamagal
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Post by alabamagal on Oct 4, 2019 18:28:01 GMT -5
For awhile I kept getting calls from the Social Security Department(umm wrong name) with a message that my SS number was going to be cancelled.
A couple days ago I took a survey from Walmart a few days after I ordered stuff online for in store pickup. Pretty sure it was legit and entered into drawing for 1 of 7 $1000 gift cards. A couples hours later I get a text saying I won 1 of 5 gift cards and had a link to claim. I might have clicked on it but the message started out with “Hey Beautiful”. Fairly certain not from Walmart.
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