In this episode of Dollars to Dreams, host Tyler Hafford is joined by Penobscot Financial Advisors’ Chief Operations and Compliance Officer, Hannah Tackett, for another installment in a new series on cyber scams. They dive into the alarming aspects of two successive scams, and share the story of “Stacy”, a victim who lost about half of all of her wealth to online romance scams. Tyler and Hannah break down the tactics scammers use to prey on emotions and trust, and they offer invaluable tips on how you can protect yourself from falling victim to these increasingly sophisticated frauds.
YOU’LL LEARN:
How the Scam Works: A look at how scammers build trust and exploit victims through months of emotional manipulation, leading them to invest large sums of money into fraudulent opportunities and turn them against their families, financial institutions, and better judgment.
Red Flags to Watch For: Practical insights on what to look out for, including the dangers of engaging with people you’ve never met in person, and investment “opportunities” that don’t include paperwork or legal interaction whatsoever.
Protecting Yourself: Actionable strategies for safeguarding your finances, including how to spot warning signs and the importance of having a trusted contact to help you make clear decisions during emotional moments.
The Dangers of Emotional Manipulation in Financial Scams: Learn how scammers play on your basic desires for love and financial security, and how to avoid becoming a target.