'Sleeping Giant:' Thieves Target Retirement Accounts –

'Sleeping Giant:' Thieves Target Retirement Accounts – NBC Chicago


Published May 25, 2021 •
Updated on May 25, 2021 at 10:50 pm
NBC Universal, Inc.
Call it a different kind of bank robbery: thieves are now reaching into retirement accounts, which frequently have far fewer protections than traditional banks.
As one suburban Chicago couple recently was stunned to learn, the burden of spotting this kind of fraud has recently been placed squarely on the shoulders of customers, many of whom deposited the money with an “invest it and forget it” mentality. That long-held practice can now be a very risky one. 
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