California man loses half his savings in Bank of America transfer scam
As we've reported, hackers have been stealing unemployment benefits off thousands of EDD debit cards during the COVID-19 pandemic. Now, scammers are using the "fear" of that fraud to lure their victims. It cost one man half his life savings.
He recovered it.

So he should have initiated a call to his bank to confirm the first call before doing anything, right? Wrong. Even that might be a scam:


The Scary New "Delayed Disconnect" Phone Scam

So you need to call anyone other than your bank first. If that person pretends to be your bank, you know it's a fraud.

Life never used to be this complicated. What went wrong?