Ken Paxton

Caller Leaves "Stock Tip" After Dialing "Wrong Number"

Monday, August 23, 2004
Our office has heard that consumers are receiving phone calls or voice messages from a caller who pretends to have dialed the wrong number. The caller wants to share a tip about stock that is supposedly about to go up. I am particularly concerned by a report that the caller then offers to make a stock purchase on the consumer's behalf...with the consumer's credit card number.

You are not very likely to get sound investment advice from a wrong number. And if you provide any personal financial information to a person who has called you, chances are you will simply end up as the victim of an identity crime. Do not be fooled by the fact that the caller pretends to be a wrong number rather than a telemarketer. You do not know who the person is.

Never give out credit card or other sensitive numbers to someone who calls you. Never send them money for any reason. Just hang up.