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Seniors need to be especially vigilant toprotect themselves from these growing threats.
Types of Retirement Account Scams
Various types of retirement account scams exist some of them quite elaborate.
One recent scam involved getting victims to invest their retirement savings into gold.
Unfortunately, he discovered that the depository had no record of the transaction.
The company has since vacated its office on Wilshire Boulevard and is no longer operational.
I also advise you to report the matter to your bank, he said.
They can guide you on further investigations and refer you to the appropriate authorities.
yo explain the matter in detail to the police.
Criminals usually follow a set modus operandi.
Give as much information as possible to the police to help identify the people behind the scam.
Many people might advise it as bolting the door after the horse has fled.
Nevertheless, safeguarding your identity can help prevent you from becoming a victim again, he said.
I also advise placing a fraud alert on your credit file or requesting afree security freeze.
I suggest enabling multi-factor authentication (MFA) for additional security.
I also recommend consulting a tax attorney if you have substantial funds at stake.
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