When it comes to protecting your finances, staying informed is your best defense against scams. Here’s a critical reminder: the Federal Trade Commission (FTC) will never threaten you, demand that you transfer your money to “protect it,” or instruct you to withdraw cash or buy gold to hand over to someone.
If you receive a message or call like this, it’s a scam—no exceptions. These fraudsters often pose as government agents, using intimidation tactics to pressure you into acting quickly. Remember, legitimate agencies like the FTC operate with transparency and will not ask for money or personal financial details under threat.
Stay vigilant and always double-check suspicious requests. If something feels off, trust your instincts and report the scam to the FTC. Your awareness can protect both your wallet and your peace of mind.