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How One Man Lost $740,000 to Scammers Targeting His Retirement Savings

⁨54⁩ ⁨likes⁩

Submitted ⁨⁨9⁩ ⁨months⁩ ago⁩ by ⁨silence7@slrpnk.net⁩ to ⁨nyt_gift_articles@sopuli.xyz⁩

https://www.nytimes.com/2024/07/29/business/retirement-savings-scams.html?unlocked_article_code=1.-00.0d7K.avklfocWJLbX&smid=url-share

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Comments

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  • Rentlar@lemmy.ca ⁨9⁩ ⁨months⁩ ago

    After I’d learned that even Cory Doctorow got scammed, I’ve tried to be more cautious when dealing with my financial institution.

    My credit union called for a survey out of the blue one time, and even though they knew my name, I offered to either call back or just avoid talking about specific account details of mine.

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    • breadsmasher@lemmy.world ⁨9⁩ ⁨months⁩ ago

      Cory Doctorow - not someone I know of, but, literally the first sentence

      More specifically, I was tricked by a phone-phisher pretending to be from my bank, and he convinced me to hand over my credit-card number

      how?! Why the hell would your bank ever need to know your card details, and why would you ever tell it to someone over the phone?!

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      • Zikeji@programming.dev ⁨9⁩ ⁨months⁩ ago

        If you’d read the article, you’d find that he was asked for the last 7 digits of the number, not the full number. He admits he should have found that fishy, but was distracted at the time. Since his bank’s credit cards all have the same first 9 digits, he had just given the scammer the full number.

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    • Tar_alcaran@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

      The one time my bank (wrongly but understandably) blocked my card, they did call me. They said they blocked my card as a precaution, and to call the fraud department at the number on their website.

      At the time that was really annoying, but probably also the only right way to do it.

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  • Dasus@lemmy.world ⁨9⁩ ⁨months⁩ ago

    Last Week Tonight with John Oliver - Pig Butchering Scams

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  • breadsmasher@lemmy.world ⁨9⁩ ⁨months⁩ ago

    Cory Doctorow - not someone I know of, but, literally the first sentence

    More specifically, I was tricked by a phone-phisher pretending to be from my bank, and he convinced me to hand over my credit-card number

    how?! Why the hell would your bank ever need to know your card details, and why would you ever tell it to someone over the phone?!

    source
    • Maestro@fedia.io ⁨9⁩ ⁨months⁩ ago

      As in, the Cory Doctorow?

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      • letsgo@lemm.ee ⁨9⁩ ⁨months⁩ ago

        No, just a Cory Doctorow. Didn’t you hear they now come in six-packs?

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