Mid City Times

The Federal Trade Commission reported that in 2022 alone, consumers reported losing nearly $8.8 billion in scams – a number likely to increase this past year. Chances are, you’re already getting the random phone calls and emails, but what other ways are scammers trying to steal your money?

Financial adviser Scott Stentz will show you how to slam the door on scammers, avoid falling prey to their schemes, and also learn what to do if you happen to fall victim to their thieving ways.

Join us at 6:30 p.m. Tuesday, Jan. 30, at the Vivian J. Lincoln Library for tips to arm yourself against financial fraudsters.

Stentz is a financial advisor with Edward Jones, an established investing firm specializing in helping individual investors with their personal financial goals.

In an interview, Stentz emphasized the importance of staying informed and educated about the different tactics scammers use. He believes that awareness is the first step in protecting oneself against financial fraud.

"Scammers are becoming more sophisticated in their methods. It's crucial for individuals to be aware of the various scams and techniques they employ," Stentz warned.

Stentz highlighted some of the common tactics used by scammers, such as impersonating government officials or company representatives, creating fake websites or emails, and preying on people's fear or vulnerability.

"They often pretend to be someone they're not, using official-sounding language or creating a sense of urgency to trick their victims," Stentz explained.

To protect yourself, Stentz suggests being cautious with unsolicited phone calls, emails, or messages. He advises individuals to verify the identity of the person or organization before sharing any personal or financial information.

"If you receive a suspicious call or email, take a step back and do some research. Contact the official organization directly to confirm their legitimacy. Don't be pressured into making hasty decisions," Stentz advised.

In case someone falls victim to a scam, Stentz advises taking immediate action to minimize the damage.

"First, contact your financial institution and inform them about the situation. They can help you secure your accounts and prevent further fraud. Additionally, report the incident to the FTC and local law enforcement," Stentz stated.

Stentz will be sharing more in-depth insights and practical tips on how to protect oneself from financial scammers at the upcoming event at the Vivian J. Lincoln Library.

"By learning about the different scams and understanding how scammers operate, individuals can better protect themselves and their hard-earned money," Stentz concluded.

Don't miss this opportunity to arm yourself against financial fraudsters. Join Scott Stentz at the Vivian J. Lincoln Library on Jan. 30th and take the first step towards safeguarding your financial well-being.