Matt Gutman says he nearly lost his life savings to a phone scam that impersonated his bank’s fraud protection team and instructed him to withdraw all cash without telling bank staff.He spent more than an hour on the call, recognized the ruse, left the bank without surrendering funds and thanked the Los Angeles Police Department and Bank of America employees for stepping in to stop the attempt.The episode follows a loss of $72K by
Alex Delgado earlier this year after a fake
Robinhood alert and comes as the
US federal government and the California State Legislature enact new laws and banks tighten verification against patient, sophisticated scams.