Close Menu
SavvyDime
    What's Hot

    What is Zero-Based Budgeting?

    July 22, 2021

    Understanding Your Investment Risk Tolerance

    July 23, 2021

    5 Incredible Money-Saving Hacks

    August 9, 2021
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram RSS
    SavvyDime
    • Technology
    • Environment
    • Health
    • Lifestyle
    • Legal
    SavvyDime
    Home » White House Adviser Gets Scammed Out of More Than $655,000

    White House Adviser Gets Scammed Out of More Than $655,000

    By Ben CampbellDecember 26, 20234 Mins Read
    Facebook Twitter Pinterest LinkedIn Email
    Two scammers working at a shared desk surrounded by monitors
    Source: DCStudio/Freepik
    Share
    Facebook Twitter LinkedIn Email Copy Link

    Frances Sharples valiantly served the government for more than four decades, only to be scammed out of a large sum of money by unforgiving criminals before being attacked by her former employers.

    The former Science Advisor had built up quite the retirement fund from her years working with the government. Yet, she would soon become another victim of the global scamming network.

    Worst Decision of her Life

    Source: Freepik

    Sharples walked through the doors of her local credit union office to make a significant withdrawal from her savings. This happened one morning after she received a call from an unknown man, claiming her identity had been stolen.

    The man promised he could save her extensive retirement fund, yet she would have to do exactly what he said. So, she entered the office with a script produced by the man and was told to transfer more than $600,000.

    Plan Gets Put Into Action

    Source: Freepik

    The scammer kept Sharples on the phone throughout the entirety of the visit to the credit union so he could listen to her.

    He instructed her if anyone asked whether or not she was put up to it, she was to reply, “No, absolutely not,” and no one did. She handed the clerk the routing number, and the retired scientist returned to her car and drove home.

    Prosperous Career Working For the U.S. Government

    Source: Freepik

    Sharples, the daughter of a humble plumber, held a science doctorate. She made a living advising the federal government on new energy technologies, stem cell research, and the effects of biological weapons.

    Yet, despite a long history of meticulousness, Sharples would become another victim targetted by a global network of online criminals. Soon, she would willingly help a man with an unusual accent make off with her life savings.

    Government Turns Their Back on Sharples

    Source: Freepik

    The government has added further insult to injury by claiming that the 73-year-old Sharples had to pay hefty taxes on the stolen money.

    According to the federal government, the stolen money is considered a form of income. Tax specialists later informed the retired scientist that someone in her position could face a hefty six-figure bill.

    Sharples Gets Hit Twice

    Source: Freepik

    The story surrounding Sharples, in which criminal scammers first hit her before being pursued by her own government, is a reminder of the nation’s vulnerability to cybercrime.

    It also sheds light on the inconsistencies of how fraud victims are treated in the United States by tax agents.

    Victim Left With Nothing

    Source: Freepik

    Law enforcement officers and tax experts such as Ismael Guerra, a retired IRS criminal investigator, allude to the fact that Sharples was the only one to lose in this scenario.

    “The scammers get away, the government gets its piece, and she gets nothing,” said Guerra.

    Rising Problems With Global Scammers

    Source: Freepik

    Current law enforcement officials say Sharples, like thousands of other unsuspecting victims, are snagged by global scammers each year.

    The scammers implement tactics of telemarketing films and weaponize technological annoyances of modern life and human vulnerabilities in their scams. All of which convince people they are in immediate danger.

    Don’t Blame Yourself

    Source: Freepik

    Experts have reached out to Sharples during interviews on the topic and assured her there’s no need to blame herself, as thousands have fallen for the same scam.

    But she is a retired scientist, and the scammers put compelling evidence before her. Ultimately, it proved impossible to ignore.

    The Tech Support Scam

    Source: Freepik

    Sharple’s troubles all began last February. A giant red sign filled her screen as she was browsing the internet. It was followed up with a warning and instructions.

    According to the message, her identity had just been stolen. She must protect herself by calling Microsoft at the 800 number provided on the screen.

    Elaborate and Compelling Evidence

    Source: Freepik

    A man with a European-sounding accent picked up the call and identified himself as Petar Williams of Microsoft. From there, he explained she had been compromised, and three attempts had been made to withdraw funds from her account.

    The scammer convinced Sharples they needed to act now if she wanted to ensure her savings stayed put. So, off she went to the credit union with a note in hand.

    Classic Scam

    Source: Freepik

    It was a classic tactic that’s been well-documented by the FBI. According to their records, the amount of money lost to such scams reached over $800 million last year.

    Experts claim that scammers funnel victims to malicious websites by promoting tainted ads and search results. Once on the website, all they need to do is send through a dramatic warning signal that many people struggle to ignore.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ben Campbell

    Ben has been a writer for many years and is particularly interested in history, sports, and entertainment. He hopes to be able to share factually accurate information with interesting content for all his readers in an easy-to-digest format.

    Comments are closed.

    Trending

    Walmart Lawsuit Results in the Retailer Paying $35 Million to Former Employee it Accused of Fraud

    November 27, 2024

    Advance Auto Parts Closes Hundreds of Stores and Lays Off Staff to Avoid Bankruptcy

    November 27, 2024

    Rare Comic Books That are Extremely Valuable Today

    November 26, 2024

    Which Family Dollar Stores are Closing?

    November 26, 2024
    Savvy Dime Makes You Savvy

    Savvy Dime provides personal business and financial analysis on the topics around the world impacting your wallet and marketplace.

    We are dedicated to delivering engaging and accurate news content that keeps you informed and equips you with the information you need to make practical personal financial decisions and grow your wealth.

    savvy dime logo
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    • Contact Us
    • Privacy Policy
    • Editorial Standards
    • Terms of Use
    © 2025 Savvy Dime and Decido.

    Type above and press Enter to search. Press Esc to cancel.