In today's Scam Dam Nation podcast episode, host Lillian Cauldwell discusses the prevalent Upfront Scam Payments targeting seniors who naively trust what they read and recklessly make payments upfront without verifying the company's legitimacy. An upfront payment is a significant red flag, signaling that the request for money may not be lawful, and one should not make any payments without first investigating the request and confirming the authenticity of the company.
To prevent falling victim to such schemes, one should decline payments requested via wire transfer or prepaid debit card, particularly to individuals in other countries. If you are uncertain about the entity you're dealing with, take the necessary time to learn more about them. It's advisable to contact the Office of the Attorney General, the Federal Trade Commission, and your state's Department of Banking and Securities.
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Scam DamNation” is a podcast hosted by Lillian Cauldwell that shines a spotlight on scams while giving listeners practical tips to avoid falling victim. Through sharing her own experiences of being scammed and breaking down a wide range of fraud schemes, Cauldwell provides both education and awareness to help protect the public.
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