Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.Also, with elder financial abuse so prevalent,OK.Now, back to Joe and his infuriating problem. “I was at work,” Joe wrote, “using my laptop, seeing patients, when suddenly my screen froze, and a message stated that it has a virus and to call a number to get it unfrozen.
. It could take days for deposits to actually clear and be fully credited. This is another aspect scammers use to convince the victim that an overpayment was made. He gave me permission to use his real name, as “I want people to realize how easily they can be swindled, and you can’t trust your bank to prevent this known fraud from taking place.”Can a financial institution prevent money from being wired? You bet it can. And while it is beyond the scope of this story, banks have an important role to prevent money laundering and must be alert to potential fraudulent transactions.