Episode 32 The Con
My email just included a warning about a jury con that is now going around. It works like this:
Most of us take the summons for jury duty seriously, but enough people skip out on their civic duty, that a new and ominous kind of scam has surfaced. Fall for it and your identity could be stolen, reports CBS. In this con, someone calls pretending to be a court official who threateningly says a warrant has been issued for your arrest because you didn't show up for jury duty. The caller claims to be a jury coordinator. If you protest that you never received a summons for jury duty, the scammer asks you for your Social Security number and date of birth so he or she can verify the information and cancel the arrest warrant. Sometimes they even ask for credit card numbers. Give out any of this information and .... Bingo! Your identity has just been stolen. The scam has been reported so far in 11 states. This scam is particularly insidious because they use intimidation over the phone to try to bully people into giving information by pretending they're with the court system. The FBI and the federal court system have issued nationwide alerts on their web sites, warning consumers about the fraud.
This is Retirement Talk. I’m Del Lowery.
There is something about a con that has always fascinated me. Remember that movie in the 60s – “The Flim Flam Man”. It stared George C. Scott as Mordicai Jones and Sue Lyon as Bonnie Lee Packard. Mordicai is a con man. He can cheat anybody. What I recall about the movie is his basic philosophy that you can’t cheat an honest man. He always thought that the way you take advantage of someone is if they think they are getting a “good deal”. Like they think they are beating system also. That opens them up.
Today those of us with a
computer and Internet Service have
probably all experienced the letters from
One of my favorite –
and I use the words loosely – favorite cons happened
to a coworker of mine in
He had entered into a
partnership to buy a ship. I mean a big
ship. These guys, his partners, had contacts with a United Nations
that assured them of a contract with the United Nations to haul food
He had been in contact with these guys who had this special deal going. The owner of the ship was short on cash. He needed money and he needed it now. He was offering this ship that was worth 3.5 million dollars for sale for just 2.5 million. The contract would go with the ship.
Sam had somehow come to know
these guys in
Sam had sold his house at a
loss to raise cash. He sold his
apartment building at a loss to raise cash. He was drawing out his
Sam had taught for over
twenty years in
It wasn’t long till I heard the news, or the rest of the story. Sam had arrived in DC and stopped by the office on Saturday morning. The demand for money had been pushed up. The seller was desperate. If they could get the money that day to the seller he would cut another half million dollars off the selling price. Sam delivered the cash to his new business partners. The following Monday they would meet at the office and go over all the details and their future.
The office never opened on Monday. Sam never saw the guys again. Sam never saw the money again.
I chanced to run into Sam a few years past that horrendous experience. He was walking down the street like he owned the world. I avoided the subject of the con. I asked him what he was doing and he told me he was teaching classes on – and this true - he was teaching classes on how to succeed in business.
This is Retirement Talk.