The recent bust of a large fraud and money laundering conspiracy highlights one key takeaway for you: Be wary of who is on the other end of your phone line — particularly if they claim to be the IRS.
Why can’t the government catch these guys? That was the sentiment echoed in my inbox over and over as those Internal Revenue Service (IRS) impersonation phone scams exploded. It felt painfully slow, but arrests were finally made in the United States and India. This week, many of those scammers were sentenced for their crimes.
A growing number of consumers are falling victim to impostor scams. That’s when a con artist impersonates someone trustworthy, like a government official or law enforcement agent.