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New "Amazon" Phone Scam Costs A Woman Her Life Savings
On a regular Tuesday evening in October, professional finance writer Charlotte Cowles found herself in an unimaginable situation. With $50,000 in cash, secured in a shoebox, she stood fearfully on the sidewalk outside her apartment. This moment was the result of a harrowing phone call that promised safety but ultimately delivered a scam.
By Carmen Schober2 min read
Cowles, a journalist for The Cut and a former New York Times columnist, is no stranger to financial literacy. Her expertise made her the least likely victim of a scam, which is her story is so important. It drives home a disturbing reality, which is that scammers do not discriminate by age, education, or economic status. Anyone can fall prey.