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Reports on the purported scam are an Internet hoax, first spread on social media sites in 2017. [1] While the phone calls received by people are real, the calls are not related to scam activity. [1] According to some news reports on the hoax, victims of the purported fraud receive telephone calls from an unknown person who asks, "Can you hear me?"
Even more frightening is how investing scams are becoming more and more tech savvy by the day, with scammers able to bypass dual authentication blocks and design illegitimate websites or portals ...
Jim Browning is the Internet alias of a software engineer and YouTuber from Northern Ireland [2] whose content focuses on scam baiting and investigating call centres engaging in fraudulent activities. Browning cooperates with other YouTubers and law enforcement when they seek his expertise in investigating and infiltrating scam call centers.
A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
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Callers spoof the caller ID number of the victim's actual lending institution, swindling money from those seeking financial relief. FCC warns of 50-state scam by fraudsters posing as mortgage ...