Cape Town - Ask around in your circle of friends – there will be someone who has a family member or friend who lost their savings in some scam. It happens quickly, easily and regularly.
Targets are chosen carefully
Scammers are also getting more and more sophisticated, and they make use of a variety of methods often to target newly retired people, or people who are known to have some life savings. Also be on the lookout for identity theft, a scam in which someone uses your personal details to open accounts and make fraudulent purchases.