Peak Prosperity How to Avoid Becoming a Victim of Financial Scammers. Long Bonds Say, “Creak! Pop!”
Jul 11, 2025
In this enlightening discussion, Paul Kiker, a Wealth Management Specialist, shares his expertise on the rising threat of financial scams, especially those enhanced by AI. He recounts a cautionary tale about an elderly woman's experience with scammers, emphasizing the emotional fallout. Kiker stresses the importance of digital hygiene to protect one’s finances and urges listeners to adopt a skeptical approach to investing. Additionally, he addresses the implications of rising interest rates on bonds and the need for proactive financial planning amid market volatility.
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Use Phone & Save Contacts
- If your computer shows signs of being hacked, don't use it to search online; use another device.
- Save all your institution phone numbers in your phone to avoid risky internet searches for contacts.
Implement Strong Account Protections
- Use two-factor authentication and special account codes to guard against fraud.
- Scammers can mimic voices with AI, so multi-layer verification is essential.
Seek Help Without Shame
- If scammed, don’t blame yourself and reach out immediately to your family, banker, or advisor.
- When scared or confused, let authorities arrest you and fight fraud legally rather than panic and comply with scammers.
