March 23, 2024

Ever since the invention of money, people have been trying to scam one another out of it. You can look back to early recorded history, as far back as 300 B.C. and read about Greek merchants trying to scam insurance companies out of money.

One of the earliest scam attempts was insurance fraud, and included a Greek merchant named Hegestratos, who took out an insurance policy on his corn-hauling ship, and then tried to sink the ship by chopping a hole into it with an ax.

This was in order to kill the crew, and then collect the insurance money, and sell the corn — which was actually never on the ship to begin with.

He was caught in the act with the ax, and drown trying to get away from his angry crew. Today scammers are still at it, trying to take what is not theirs, but they can be a little more convincing, less dramatic, and typically the scams do not involve wooden ships, an ax or end in one person involved in drowning.

If you have a cell phone then I’d bet dollars to doughnuts that you’ve been the potential victim of the “You’re car’s factory warranty is about to expire” scam attempt.

According to the Federal Trade Commission (FTC), if you get such a call, “slam on the brakes,” do not talk to them and hang up.

The illegal robocalls are companies that are not related in any way to your car dealer or car manufacturer, FTC officials…

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