Financial Fitness with Alan Akina - Trick or Treat...or Scam?

23 Nov 2011 · 1 min

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This content was created by Alan Akina. This content was uploaded by Alan Akina. This is a YouTube segment titled "Financial Fitness with Alan Akina - Trick or Treat...or Scam?" (posted Nov 23, 2011) from the Wake Up Today program. It features an introducer (Speaker A) and Alan Akina (Speaker B) discussing Halloween-related scams, summarizing five recent scams highlighted by the Better Business Bureau (World Series collectibles marketed as investments, fake lottery emails, unclaimed property scams, unauthorized direct withdrawals by a company called Funds Direct, and identity theft using children's Social Security numbers) and advising viewers to be cautious and contact their bank when necessary.

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Well, today is Halloween, and if you're wondering if there are some trick-or-treat scams out there, Alan Akina lets us know about that.
Yep. Happy Halloween, gang! How do you know if you're getting a trick, a treat, or a scam in today's environment? Now tonight you'll see little kids dressed up as vampires and cute little princesses or professional athletes, and just like the kids, scam artists are also in disguise And recognizing them is the first step. Now I've compiled 5 of the most recent scams to be aware of according to the Better Business Bureau. Number 1, investing in World Series collectibles. The BBB says buy them for enjoyment but not as an investment. Number 2, lottery emails that claim you have won $1 million from Facebook. Uh-uh. 3, unclaimed property scams. 4, direct withdrawals from a Las Vegas company called Funds Direct. If you've ever had an unauthorized debit charge, please speak to your bank immediately and consider closing that account. And finally, number 5, scammers that use children's Social Security numbers to steal their identity. This is a growing trend. Now remember this, folks, never ever be afraid to ask questions when you're not 100% sure of something. For Wake Up Today, I'm Alan Akina. Happy Halloween.