COLORADO SPRINGS — Betty Kerwin remembers the “heightened feverishness” — and the fear. In February, the 91-year-old spent hours on the phone with anonymous men impersonating the Geek Squad at Best Buy, demanding she send them cash. By the time she hung up, she’d fed $8,000 into a cryptocurrency ATM: all the money in her
Cryptocurrency titans make it seem easy for anyone to get rich off digital coins, and anyone who isn’t making millions in their free time is wasting an opportunity. Crypto really is the financial Wild West. There are almost no regulations or rules in digital coins as there are on the real-world currency exchanges and stock
Investment and payment scams are often perpetrated by criminals who attempt to capitalize on current events and economic anxieties to pursue their targets. Investment scams are designed to lure people into investing in fraudulent or non-existent opportunities. These scams often promise quick and easy returns with little to no risk on assets like shares of
One Virginia woman who claims she got scammed through investing her savings into cryptocurrency hopes to help other investors by sharing her story. This article is part of WTOP’s monthlong series, “Money Matters,” where we explore tips for saving, budgeting and making your money work for you. Check for new articles all month, right here
Scams often evolve over time and may include scammers pretending to be law enforcement or using crypto ‘ATMs.’ Smishing texts: what are they, what you can do Smishing texts are a scam intended to trick the receiver into sharing personal information, like bank details. Problem Solved The Manitowoc Police Department has reported a significant increase
Sabric has warned consumers of the rise in AI-powered banking scams after one South African was scammed out of R6 million. ronniechua / iStock Imagine getting a WhatsApp message from your bank. The logo is spot-on, the language is professional, and the person on the other end sounds exactly like a real bank employee. They
The US government is asking victims of a recently busted crypto fraud scheme to come forward to collect their lost money. In a press release from the U.S. Attorney’s Office for the Eastern District of Virginia, officials say they have recovered and cleared the title to $7 million of investment fraud proceeds using civil asset