Archambo Financial Advisors, Inc.

 

Aaron S. Archambo, CFP®

 

Debbie E. Mueggenborg, CPA

 

Jonathan S. Russell

 

Phone:  918-336-2222

July/August 2021

Spotting a Scam

Spotting a Scam

In 2019, there were 27,000 reported fake-check scams, resulting in losses of more than $28 million. Recognizing the telltale signs of a scam may prevent you from becoming a victim.


Common “Scamagories”
Common scams to watch for include:


Car Wrap Deals. Victims who agree to use their vehicles for advertising are asked to wire money from a checking account to a decal installer who never shows up to do the wrap.


Overpayments. Scammers who buy items that someone is selling online “accidentally” send a (bad) check for more than the cost and ask for a refund of the difference.


Avoid Fake-check Scams. Never send money to someone you don’t know. If you are a victim of a fake-check scam, report the scam at ftc.gov/fakechecks or ftc.gov/giftcards.


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Securities offered through Calton & Associates, Inc. Member FINRA and SIPC. Investment Advisory Services offered through Archambo Financial Advisors, Inc., a Registered Investment Advisor. Archambo Financial Advisors, Inc. is not owned or controlled by Calton & Associates, Inc.
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