Home Business I saved my sister from a Social Security scam. Listen to the...

I saved my sister from a Social Security scam. Listen to the actual call.

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It’s a lie, but one that is so believable that, last year, victims were swindled out of nearly $45 million, with an average individual loss of $5,800, according to the Office of the Inspector General for the Social Security Administration. More than 700,000 complaints of Social Security-related telephone scams were filed in 2020. A suburban Chicago man pleaded guilty early this year to laundering cash from a scheme that defrauded elderly victims. The scam allegedly conned an elderly Massachusetts woman out of $900,000 that she was urged to transfer from her bank and retirement accounts.

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