How con artists steal $493M each year…

“Can you hear me?”

That’s the latest ploy of phone scammers. They’re trying to get recordings of people saying “yes” and use them to authorize fraudulent charges on people’s accounts.1

It’s just one of many different phone scams that raked in at least $493 million in 2019.2

In fact, even though we’re living in the age of the internet, 3 out of every 4 money scams happen over the phone. The average take for a successful phone scam is about $1,000.2

While you never know when the next call may be from a scammer, you can easily avoid getting taken if you know what to look for—and if you know what to do whenever you suspect a scam.

How con artists steal $493M each year…

Click here to see it!

Practically any scam can occur over the phone. That includes imposter scams, prize scams, job opportunity scams, and even romance scams.

No matter how phone scammers present themselves, however, they rely on the same key tactics as most con artists.

They want you to act now, and they’ll do anything to keep you on the line. To do that, they usually rely on extreme excitement or fear, using promises or threats to get your money or information.

Want to read more about how con artists work and easy ways to avoid money scams? Click here to check out the rest.


Recent publications

Interactive Wealth Advisors is a Registered Investment Advisory firm in the State of Oregon and Washington. The Adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
Schedule a Call Today
Book now
Interactive Wealth Advisors are committed to helping you reach financial freedom. If you are in need of financial advice, please complete the form below.