Each year, the Federal Trade Commission releases a data book on scams as reported to the agency in the prior year. This yearâ€™s report shows that imposter scams are a serious and growing problem. These scams come in many varieties but work the same way. A scammer pretends to be someone trustworthy, like a government official or computer technician, to convince the consumer to send money. For those who lost money to this scam, the widest reported method of payment was wire transfer. And 77% of the imposter scams came through phone contact. All the more reason to screen your calls!
Be a fraud fighter!Â If you can spot a scam, you can stop a scam.
Report scams to local law enforcement. Contact the AARP Fraud Watch Network
at www.aarp.org/fraudwatchnetwork for more information on fraud prevention.