Chesapeake Wealth Management on Fraud
In the investment world, when it comes to fraud, one of the most significant risks comes by way of deceitful email and/or telephone requests for the movement of funds. Typically a scammer will use untrue or misleading information for illegal practices. There have been occasions when CWM has received emails appearing to be from clients who are requesting funds to be moved from an account. After follow-up, it was revealed that someone had hacked into the client’s email system and pretended to be them when emailing third parties. This is one of many reasons why Chesapeake Wealth Management is extremely diligent in following up to make sure electronic requests are not fraudulent, in addition to not accepting direction by telephone only under any circumstances. Investment scams can take on many different forms. Fraudsters are creative, quick thinkers and are constantly developing nefarious new practices.
Chesapeake Wealth Management strives to keep up with up-to-date security education and fraudulent practices to protect the funds that our clients have spent many years accumulating. Have questions? Call 757-253-9088.