Wednesday, February 10, 2010 - 9:28 AM

Identity fraud nightmare: One man's story [MarketWatch]

Here's a disturbing story from MarketWatch about identity theft:

In fewer than six months, some $900,000 in merchandise, gambling and telephone-services charges were siphoned out of his debit card. His attempts to salvage his finances have cost him nearly $100,000 and have bled dry his savings and retirement accounts

This reminds me of a reader who has a MetLife Bank account just for its free Identity Theft resolution service.

KenBDG5,138 posts since
Nov 29, 2009
Rep Points: 116,948

1. Thursday, February 11, 2010 - 1:43 AM

"His advice to others: Don't touch Web sites that offer free things or 30-day trials; never give out personal information; and always keep your receipts. "

This guy lives close to me. A lot of those "freebie" and trial websites are pushing junk anyway, so I avoid them. I lost close to $2000 on an online rebate pyramid scheme. If it's too good to be true, it usually is.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,952