"This horrible incident cost George his mental health, as he has experienced medical issues since having a stroke in 1995 that paralysed his right side and affected his speech."
"According to the Federal Trade Commission, these scams are among the most prevalent and show no signs of slowing. Criminals impersonate legitimate companies, tricking victims into sharing personal financial information."
"We sympathize with Mr. Chryssanthou, whose experience is an unfortunate example of growing impostor fraud."
George Chryssanthou and Electra Friedman planned to retire in Greece, but Chryssanthou was scammed out of nearly $285,000. Fraudsters hacked his computer, draining his savings. The couple is now concerned about their financial future. Chryssanthou has filed a claim against Charles Schwab for failing to prevent the fraud. A Schwab spokesperson noted that such impostor fraud is increasingly common, with criminals impersonating legitimate companies to steal personal financial information and funds.
Read at www.businessinsider.com
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