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Financial advisors are aware of their clients' concerns—and share them. For certified financial planner Stacy Francis, the grammatical errors were the first red flag that a recent email her firm received was likely a scam. The high-pressure language was another.
"The perpetrator must have known our client personally, because he knew she was on a plane to Colombia for a conference, and he referenced it in the email," said Francis, president and CEO of Francis Financial, recalling the urgent request for a wire transfer she received back in February.