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A RETIRED NURSE LOST $43,000 TO A BITCOIN SCAMMERS

A RETIRED NURSE LOST $43,000 TO A BITCOIN SCAMMERS

The woman, who was using her work computer, said she had been told to send money via wire transfer and a “bitcoin ATM,” converting dollars into cryptocurrency, reports The New York Post. The pop-up ad said he had to move his money to a new location so that his computer would not be locked and his money stolen. Bitcoin ATM transaction cannot be postponed, Todd Maher, president of financial crime consulting firm BitSource AML Solutions, told ABC-affiliated company WKBW.


It is always important to evaluate your investment decisions in all accounts, but especially retirement savings. Cryptocurrencies should not be completely avoided, but should be regarded as a real risky asset. Many advisers suggest keeping these investments at least in retirement accounts and investing in a separate account. Investors should also be free to lose any of the money they put into these alternatives, as they would if they were gambling in a casino.


In this case, however, caregivers need to be aware of others who are trying to defraud them of their hard-earned dollars. Financial scams are common, and can affect retirement accounts, savings accounts and Social Security benefits, to name a few.



Bandits are a common form of fraud - in some cases, they appear as a warning, as they did to a retired nurse, and in others, they may look like a virus or a text message notification.


If you receive links via email, direct communication in forums or text messages, confirm with the sender (if you know them) that the link is legitimate and should be shared - and if it comes from financial institutions, verify spelling. and validity of email addresses, URLs and signatures. You can go ahead and call the customer service line from the institution's website or business cards - not the email or message you received - to check that this was a real message to you.


Fraudsters may also call people with similar news lines, according to Charles Schwab. The finance company also suggested that people should never allow remote computer access unless it is from someone they trust, to have anti-virus software and regularly check the computer (but not rely on software alone to prevent scams) and to avoid relying on phone ID to tell them the phone is legal.


As well as instant gratification, there are a few other red flags to be aware of - such as those where individuals are told their family members are in financial trouble, or where online individuals are getting to know each other and asking for money.



And never feel embarrassed about getting help, be it family member, friend or authorities - depending on the situation, people can access their financial firms, or agencies like Social Security Administration, Department of Labor. and the Federal Trade Commission



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