When several St. Louis residents received phone calls about missing jury duty, the caller threatened jail time if they didn’t pay a fine by providing their credit card numbers over the phone. The incidents turned out to be financial fraud, criminal attempts to steal and deceive, using phone calls, robocalls, or text messages to lure potential victims.
Angela Amighetti-Bell, a Compliance Consultant at Wells Fargo Advisors, and Lauree Peterson-Sakai, a Wells Fargo Elder Strategy Leader at Wells Fargo Advisors, say those jury-duty-fine incidents serve as a reminder to be increasingly watchful for the many forms of financial fraud.
Here, they offer tips to help you spot (and avoid) financial fraud, and also recommendations for what to do if you think you’re being targeted:
Three actions to help protect yourself against financial fraud