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The Clark Howard Podcast

02.20.23 Increased Fraud Requires Vigilance / HOTELS: What To Check Out Before Check In

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 20 February 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

One major key to financial freedom is avoiding ruinous fraud. Recent reporting shows ponzi schemes up 70% over the year, so it’s vital to be aware of what’s coming at you through various channels. Clark’s primer on what to look out for includes incoming alerts and what NEVER to click on. Also, hotel brand consistency has given way to sales considerations in the industry overall, devaluing brands. Know what this means for you when booking a hotel. Fraud Prevention: Segment 1 Ask Clark: Segment 2 What’s In A Hotel Name? Nothing: Segment 3 Ask Clark: Segment 4 Mentioned on the show Barrons.com: Ponzi Schemes Surged in 2022. Many Involved Crypto. WPO - Friend or fraud: Seven ways to spot a Ponzi scheme, and other scams NYTimes: Retirees Are Losing Their Life Savings to Romance Scams. Here’s What to Know. ArsTechnica-Mysterious leak of Booking.com reservation data is being used to scam customers Worried about crypto exchange losses? Don’t pay money for “help” recovering money 5 Steps To Getting a Good Deal on a Hotel Room Scott's Cheap Flights | Save Up to 90% on Flights [The Washington Post] Expensive flights are here to stay, but there’s good news Top Travel Deals - Clark Howard Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Monso Business Banking. It just works. So you can too. Join businesses like Target

0:05.7

to Wishing by opening a Monso Business account.

0:07.7

What I love about Monso Business account is how easy everything is. It can be filtered,

0:12.8

it can be tagged. We thought we'd have to manage our business around our banks, but that's

0:17.3

not the case with Monso.

0:18.4

My name is Shun. I am the Founder of Target Trition.

0:21.6

Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director

0:26.6

of a limited company, UK Businesses Only, terms and conditions apply.

0:30.0

It's my pleasure to welcome you to the Clark Howard Show Armage, just to serve you and

0:39.6

empower you to make better financial decisions in your life. So one of the keys to financial

0:46.4

freedom is you got to avoid being taken back by scams and fraudsters. They're so good

0:55.1

at separating you from your money. I'm going to tell you what I want you looking out

0:59.5

for.

1:00.5

Later, when booking travel, you used to be able to see the name of a hotel and know what

1:08.8

it meant. Today, not really at all. I want to tell you why that is and what you need to

1:17.0

do to protect your wallet and the experience you're going to have when you're booking

1:22.8

hotels. So there are multiple reports that Ponzi schemes are just bigger than ever.

1:32.5

In fact, Barren's magazine reported that Ponzi schemes are up 70% 70% over the last year.

1:44.2

And the amount of money being stolen from people that's reported stolen is many, many,

1:51.8

billions of dollars. And that's only they reported amount. It's actually much higher than

1:57.5

that. One thing that's fascinating, who are the perpetrators? 90% of perpetrators of

2:09.7

Ponzi schemes and scams men. What is it about us as guys? 90% of the criminal activity

...

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