A record SocialSecurity cost-of-living increase has led to a surge in scammers. InvestigateTV Consumer Investigator CaresseJ spoke with officials from the Social Security Administration about this scam & how to keep your information safe from criminals.
But Anthony Monaco, Special Agent in Charge of the Major Case Unit at the, said that record increase has led to a surge in social security scams.
“We started receiving letters that looked very official saying, ‘Dear social security recipient…you need to call this number and you need activate your cost-of-living allowance,’” Monaco explained. “Well, the problem with that is you don’t have do it. It’s Social Security administration. That’s automatic.”
Monaco said tactics vary but consistently contain red flags, usually in the form of the scammer presenting an unexpected problem or situation, then offering a solution with a hefty price tag.Be cautious if someone is pressuring you to send moneyMonaco said typically recipients contact the SSA first if there is an issue with their account, not the other way around.
If you do fall victim to a scam, Monaco said to report it immediately. The quicker the scam is reported, the more likely it is your assets can be recovered.
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