How Clients Can Spot Charitable Giving Scams

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Financial scams and con artists have probably been around at least as long as people have been using money. In the past when I read stories about scams, I often wondered how people could be so gullible. I assumed that the victims of fraud were the vulnerable elderly or less educated, had suffered a recent loss of a loved one, or were isolated.

This is not necessarily the case.

While some data suggests that one in five of those over age 65 have been targeted by email scammers, being scammed can happen to anyone. Nobody is immune to fraud, and sometimes people simply fall for scams due to the psychological techniques employed by fraudsters. Often, especially this time of year, their strategies are meant to take advantage of our desire to give.

Shipping and mailing scams

If you’re sending gifts, be suspicious if you get an email or text message that appears to be from UPS, FedEx, or the US post office. One scam involves sending messages that you need to pay a fee for a missed delivery, which is an attempt to lure you to a fake website that asks for your credit or debit card information.