How a Veteran CEO’s Retirement Was Nearly Wiped Out by a Sinister Scam – and What You Must Know to Protect Yourself
Red flag #1. How did the agency know that Peter was deceased?
Red flag #2. Why would they assume I’d let someone remove funds from my account?
As it turned out, the request to confirm my mailing address was a foot-in-the-door. The real purpose of the letter was to access my checking account. The fact that much of the data in the letter, and what “John” shared with me, was accurate, still concerned me since they were acting as though Peter was deceased, a fact that I had not revealed. They had his retirement account number, the amount of money that had been sent to my account, from the time my husband died to the last payment I received in November, and other pertinent information. What they did not share was information that I had in my files. It was a joint account, with funds going to the survivor. There should be no need for the account to be adjusted.
