Why do people keep falling for phone scams?

Officers say mainland Chinese students or newcomers to city are most at risk, after 716 phone scams reported in first nine months of year. read more

The Federal Trade Commission estimates that over 25 million Americans lose in excess of $2.5 billion to fraud each year, and phone scams, which account for a big chunk of that, have been surprisingly successful for decades. Past scams have included asking people to invest in an oil company, gas deal or gold coins. read more

The only way this can happen is if people are willing to openly talk about their experiences of scams. All the awareness campaigns in the world won’t defeat the scammers if people continue to feel ashamed about falling for their tactics. read more

Past scams have included asking people to invest in an oil company, gas deal or gold coins. Con artists have also been known to pose as lottery officials or IRS agents calling about taxes owed. Whatever the pitch, phone scammers are like top-notch salespeople, and they are extremely effective. read more