Oakland Woman Loses $12,145 in Charles Schwab Impersonation Scam
An Oakland woman had her entire $12,145 investment account drained by scammers who impersonated Charles Schwab security representatives over a phone call. The victim claims she did not willingly share any sensitive information with the callers. However, Charles Schwab's internal investigation concluded that a verification code was disclosed to a third party during the interaction. The woman has since reported the incident to both local police and the FBI. She is also pursuing the matter through arbitration in an effort to recover her lost funds.
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