"Neither Microsoft nor our partners make unsolicited phone calls," says Courtney Gregoire, senior attorney at the Microsoft Digital Crimes Unit. A dummy screen may appear that shows viruses being detected and eliminated, but in reality malware is being installed that allows the scammer to steal your usernames and passwords, hold your data for ransom or even use the webcam to spy on you. In order to protect your data, you are told to immediately call up a certain website and follow its instructions.
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Here's how the scam typically unfolds: You get an unsolicited call from someone claiming to be with Microsoft or Windows tech support, who says viruses have been detected on your computer. That's one American duped out of an average $454 nearly every 10 seconds. According to Microsoft, in 2015 an estimated 3.3 million people - many of them seniors - were victimized by a tech-support con, at a total cost of $1.5 billion. © 2023 Simpler Trading ALL RIGHTS RESERVED.This just might be the biggest consumer scam in the U.S. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. If someone claiming to represent or be associated with Simpler Trading solicits you for money or offers to manage your trading account, do not provide any personal information and contact us immediately.ĬFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. Simpler Trading’s Traders and employees will NEVER manage or offer to manage a customer or individual’s options, stocks, currencies, futures, or any financial markets or securities account. All testimonials are by real people, and may not reflect the typical purchaser’s experience, and are not intended to represent or guarantee that anyone will achieve the same or similar results. Individual results may vary, and testimonials are not claimed to represent typical results. The past performance of any trading system or methodology is not necessarily indicative of future results. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. This website is neither a solicitation nor an offer to Buy/Sell futures or options. Don't trade with money you can't afford to lose. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Futures and options trading has large potential rewards, but also large potential risk. Government Required Disclaimer - Commodity Futures Trading Commission. You must review and agree to our Disclaimers and Terms and Conditions before using this site. The risk of trading in securities markets can be substantial.
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