Our guest Marty Fleischhacker is the Senior Financial Fraud Ombudsman for the MN Department of Commerce. Host Bill Raker interviews Marty to discuss the timely and compelling issue of “How Do Scammers Motivate Victims to Send Money?”
Marty works with many organizations around the state to promote awareness about fraud of Seniors and protection against financial exploitation and scams.
Learn from Marty how common scams like “lottery winners”, “grandparent scare calls”, “romance fraud”, and “investment scams” are perpetrated. He highlights red flags to be alert for, such as demanding payment via gift cards, wire transfers or cryptocurrencies (e.g. Bitcoin.) Marty explains that the scammers use highly effective persuasion tactics, including fear, intimidation, threats of arrest, harm to family, scarcity or fear of missing out, phantom riches from lotteries, and profiling to push the targeted victim into a “heightened emotional state” that impairs their rational thinking.
Marty provides helpful hints to help avoid becoming a scam victim: “Stop! Think! Verify!”, “Anyone can be targeted for a scam”, “Spot a Scam – Stop a Scam!” Learn how to contact Marty for help when someone is being victimized.
