Skip to main content
institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

CBS News Anchor Says Los Angeles Scam Nearly Wiped Out Life Savings

The caller used a name and badge ID, and Gutman said he spent over an hour on the phone before realizing it was a scam.

  • Recently, CBS News correspondent Matt Gutman revealed he was the target of a sophisticated bank impersonation scam, where a caller nearly convinced him to withdraw all his funds by claiming to investigate fraud.
  • Posing as fraud protection, the scammer provided a name and badge ID before instructing Gutman to withdraw cash, warning him not to speak to tellers because alleged fraudsters worked at his branch.
  • Gutman admitted he spent over an hour on the phone before realizing the absurdity of using a civilian for a sting operation, noting the scheme appeared legitimate because scammers knew personal details.
  • While Gutman did not lose money, he lost time during the ordeal, describing it as a 'very scary experience' and expressing gratitude for support from authorities and his bank.
  • Warning that these scams are incredibly sophisticated, Gutman advised that if contacted about account issues, people should verify requests by calling the number on the back of their bank card.
Insights by Ground AI

14 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 54% of the sources are Center
54% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

The Daily Hodl broke the news on Friday, July 10, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal