FBI Confidential: How to avoid falling victim to fraud

Jul 12, 2018, 8:35 AM

“If it seems too good to be true, it probably is,” Michael Pickett warns in an interview with FBI Confidential host, Debbie Dujanovic.

Pickett, a Supervisory Special Agent with the FBI, appeared on FBI Confidential to discuss white-collar crime. During the interview, they zero-in on fraud and Pickett gives his advice to help you avoid falling victim.

Affinity fraud is a type of fraud that Utahns are extremely susceptible to, according to Pickett. He defines it as a type of fraud that uses “the bonds of trust that are created through their community, religion or through an ethnic group. They take advantage of that trust.”

Here is Pickett’s advice to avoid becoming a victim of fraud:

“Whenever you are looking to invest you have to do your own due diligence.” 

A common mistake victims make is replacing due diligence with trust.

“Never judge a person’s integrity by how they sound.”

Instead, judge them by their actions.

“A lot of times it is the fraudster coming looking for you.” 

Beware of someone coming to you about potential investments, said Picket.

And finally, Pickett brings it back to the golden rule when it comes to fraud:

“If it’s too good to be true, it probably is.”

Pickett explains the rule with age-old advice: if you are promised a high reward, there will be a high risk involved.

For more deep dives into the FBI subscribe to FBI Confidential wherever you get your podcasts. New episodes are dropped every Thursday.

Today’s Top Stories


(Getty Images)...
Mark Jones

21-year-old man sentenced for multiple sex crimes

A 21-year-old man was sentenced Wednesday for four sex crimes he pled guilty to in August.
1 day ago
Orem police at scene of swat standoff...
Samantha Herrera

Man in custody after hours of negotiation in Orem home

A possible Orem City SWAT situation has police officers on scene in a neighborhood around 700 E, 400 S. Police have not provided any information yet.
1 day ago
Picture reads scam alert! missed jury scam targeting utahns....
Mark Jackson

Federal, state authorities warn of return of missed jury duty, outstanding warrant scam

Officials are warning Utahns -- and those is surrounding states -- about a missed jury or warrant scam that aims to get money out of victims.
1 day ago
Follow @SimoneSeikaly...
Simone Seikaly

Utah County Sheriff arrests man for felony sex offenses against a child

The Utah County Sheriff's Office said that the case is being prosecuted by Juab County Attorney Ryan Peters.
2 days ago
Unified Police Department vehicle...
Amie Schaeffer

UPD looking for suspect in morning robbery

The Unified Police Department is looking for a male suspect in a robbery at a Chevron in Kearns this morning,
2 days ago
officer involved shooting south salt lake...
Simone Seikaly

So. Salt Lake Police identify victim in officer-involved shooting

Officers were called to 400 E. Robert Ave. over reports of a man with a gun. A 44 year-old-man has been identified as the victim.
2 days ago

Sponsored Articles

Young woman receiving laser treatment...
Form Derm Spa

How facial plastic surgery and skincare are joining forces

Facial plastic surgery is not only about looking good but about feeling good too. The medical team at Form Spa are trained to help you reach your aesthetic outcomes through surgery and through skincare and dermatology, too.
large group of friends tohether in a park having fun...
BYU MBA at the Marriott School of Business

What differentiates BYU’s MBA program from other MBA programs

Commitment to service is at the heart of BYU’s MBA program, which makes it stand out among other MBA programs across the country.
a worker with a drill in an orange helmet installs a door in the house...
Price's Guaranteed Doors

Home improvement tip: Increase the value of your home by weatherproofing doors

Make sure your home is comfortable before the winter! Seasonal maintenance keeps your home up to date. Read our tips on weatherproofing doors.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
A paper reading IRS, internal revenue service is pictured...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
FBI Confidential: How to avoid falling victim to fraud