Matt Gutman, a seasoned correspondent with CBS News, nearly fell for a cunning phone scam. He recounted the experience in a video on his X account, explaining how he received a call from someone claiming to be from the bank’s fraud prevention department.
The caller not only provided a name but also a badge ID and seemed to have in-depth personal banking details about Gutman.
“They appeared to know a lot about my financial situation,” Gutman shared. “They informed me that serious fraud might be occurring at my bank branch. They had noted some suspicious activity on my daughter’s account recently.”
The situation escalated when the caller outlined a supposed plan to catch the criminals. “She told me to withdraw all my money from the bank,” Gutman said. “It sounded odd, but she insisted it was necessary to catch the scammers.”
Upon hearing this, Gutman found it puzzling. “Why would they involve a civilian in something that seemed like a law enforcement matter?” he wondered. Nevertheless, he decided to follow along. The caller cautioned him not to inform anyone at the bank about the call, claiming they might be complicit in the fraud.
This particular instruction raised red flags for Gutman.
Ultimately, he realized that, despite the call’s authenticity, the request to keep it hidden from bank staff signaled it was a scam. “We really need to be cautious,” he warned. “Some of these scams are incredibly well-crafted, and the people behind them clearly know how to navigate these situations. Honestly, I’m still in shock from what almost happened.”
This incident occurred shortly after another journalist, Alex Delgado, fell victim to a high-stakes scam, losing $72,000. She reflected on her experience, feeling foolish for not handling it more prudently after receiving a dubious text purportedly from the stock trading app Robinhood.
These cases underline the increasing sophistication of digital fraud, where scammers utilize convincing scripts and personal information to build trust before attempting to defraud their victims.
In response, both the U.S. federal government and California lawmakers have established legislation focused on investigating and disrupting cyber fraud schemes.




