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Financial Scams Targeting Older Adults

May 19, 2025

Be on the lookout for robocalls and phone scams – One common robocall is the “Can you hear me?” call. When the person who answers says “yes,” the scammer records their voice and hangs up. The criminal then has a voice signature to authorize unwanted charges on items like stolen credit cards. Robocalls use automated technology to dial large numbers of households from anywhere in the world. While there are legal uses for this technology, robocalls can also be used to carry out a variety of phone scams. These include false claims about expiring car or electronics warranties. Just like government impersonation calls, scammers often spoof the number they’re calling from to make it seem like they’re from a trusted organization. Yet another popular phone scam is the “impending lawsuit” scam. In this case, someone receives an urgent, frightening call from a person pretending to be from a government or law enforcement agency (like the IRS or the police). They are told if they don’t pay a fine by a certain deadline, they will be sued or arrested for some made-up offense. As always OC Federal is here to lookout for our members if you have any questions please contact us directly.

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