CRIME, POLICE + COURTS

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.

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Today’s Top Stories

Crime, Police + Courts

The Goonies House...
Taylor Romine and Ralph Ellis, CNN

Man wanted for leaving a dead fish at ‘The Goonies’ house saved by Coast Guard in daring rescue

A man wanted by police in an incident at a house featured in "The Goonies" was the subject of a Coast Guard rescue when he was tossed from a stolen boat as it capsized, authorities said.
17 hours ago
SLCPD said the driver is fully cooperating with the investigation and the children received non-lif...
Chandler Holt

SLCPD makes arrest connected to fatal stabbing case

SLCPD announced the arrest of 26-year-old Ivy Chase Grant today. Grant was booked into Salt Lake County Metro Jail on a charge of obstruction of justice. 
17 hours ago
Salt Lake City Police say three sticks of dynamite were safely removed from a house this week by it...
Mark Jones

Three sticks of dynamite removed from Salt Lake City home

Three sticks of dynamite were removed from a Salt Lake City home on Wednesday, the SLCPD announced. The dynamite have been seized for investigation.
2 days ago
defraud...
Britt Johnson

Utah County men facing charges for defrauding the United States

The claims state that Zachary Bassett and Mason Warr used a fraudulent tax scheme to receive COVID-19-related relief funds.
2 days ago
Rep. Kera Birkeland, R-Morgan, sponsor of HB297 Victim Services Amendments, poses for a portrait at...
Katie McKellar, Deseret News

A Utah lawmaker and her sister at odds: Should rape victims need to contact police before getting an abortion?

Rep. Kera Birkeland says her bill focuses on rape victim services and holding rapists accountable. But her sister, a rape survivor, says it strips away choices.
2 days ago
On Jan. 31, 2023, a missing Arizona girl was found and rescued from the basement of a registered se...
Elizabeth Weiler

Missing girl from Arizona found in West Valley basement

On Jan. 31, 2023, a missing Arizona girl was found and rescued from the basement of a registered sex offender. 
2 days ago

Sponsored Articles

Banner with Cervical Cancer Awareness Realistic Ribbon...
Intermountain Health

Five Common Causes of Cervical Cancer – and What You Can Do to Lower Your Risk

January is National Cervical Cancer Awareness month and cancer experts at Intermountain Health are working to educate women about cervical cancer, the tests that can warn women about potential cancer, and the importance of vaccination.
Kid holding a cisco fish at winterfest...
Bear Lake Convention and Visitors Bureau

Get Ready for Fun at the 2023 Bear Lake Monster Winterfest

The Bear Lake Monster Winterfest is an annual weekend event jam-packed full of fun activities the whole family can enjoy. This year the event will be held from January 27-29 at the Utah Bear Lake State Park Marina and Sunrise Resort and Event Center in Garden City, Utah. 
happy friends with sparklers at christmas dinner...
Macey's

15 Easy Christmas Dinner Ideas

We’ve scoured the web for you and narrowed down a few of our favorite Christmas dinner ideas to make your planning easy. Choose from the dishes we’ve highlighted to plan your meal or start brainstorming your own meal plan a couple of weeks before to make sure you have time to shop and prepare.
Spicy Homemade Loaded Taters Tots...
Macey's

5 Game Day Snacks for the Whole Family (with recipes!)

Try these game day snacks to make watching football at home with your family feel like a special occasion. 
Happy joyful smiling casual satisfied woman learning and communicates in sign language online using...
Sorenson

The Best Tools for Deaf and Hard-of-Hearing Workplace Success

Here are some of the best resources to make your workplace work better for Deaf and hard-of-hearing employees.
Team supporters celebrating at a tailgate party...
Macey's

8 Delicious Tailgate Foods That Require Zero Prep Work

In a hurry? These 8 tailgate foods take zero prep work, so you can fuel up and get back to what matters most: getting hyped for your favorite
FBI Confidential: How to avoid falling victim to fraud