stefanamer /

IRS and Social Security scams have been on the rise recently, exacerbated by using stimulus checks and new IRS rules as excuses to convince people to give up their money.

Senior Stimulus: Which Social Security Recipients Will Still Receive a Golden State Payment?
Retirement 2022: IRS Announces New COLA Guidance, 401(k) and IRA Income Limit Increases

Recently, a woman in Naples, Florida reported she was almost scammed on the phone by someone claiming her information was being used to open bank accounts, and that she needed to download a specific app to allow them access to her phone in order to help, ABC reported. The criminals also asked her to move all the money from her bank account into Bitcoin. Bitcoin and other cryptocurrencies are notoriously used for crimes, as their owners and movements are difficult to trace.

Fortunately, although the woman actually went through with it, just before she clicked “send”, a fraud alert popped up warning her of the danger.

Broken Hearts and Empty Wallets: Dating App Scams Involving Crypto on the Rise

These types of Social Security scams have become so prevalent that the FTC has issued a statement.

“This is happening in…

Read more…