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USA July 13, 2026

Investigative Journalist Targeted in Sophisticated Phone Scam, Loses Life Savings

Investigative Journalist Targeted in Sophisticated Phone Scam, Loses Life Savings

Scammers Pose a Threat to People of All Ages, Including the Savvy.

CBS News chief correspondent Matt Gutman, 48, recently shared a harrowing experience with a sophisticated phone scam that could have resulted in him losing his savings.

Gutman, who considers himself "savvy" and has worked on many scam stories throughout his career, nearly fell victim to the scam after receiving a phone call from a woman claiming to be a bank investigator.

Matt Gutman attends the 19th Annual Stand Up For Heroes Benefit Presented By Bob Woodruff Foundation And New York Comedy Festival at David Geffen Hall on November 10, 2025 in New York City.

The caller provided Gutman with a name, a badge ID, and detailed information about his bank account, which seemed convincing at first.

However, Gutman's internal radar began to sound the alarm when the caller suggested a plan to catch the "fraudsters" by having him withdraw everything from his bank account and carry the cash with him.

The reporter thought it was "a little weird" for the bank to ask a client to try to suss out the scammers rather than involving law enforcement, and the instruction not to inform any bank employees about the plan raised even more red flags.

Gutman's experience highlights the danger of these types of scams, which can be incredibly sophisticated and convincing.

He warns others to be careful and stay vigilant, as scammers often target unsuspecting victims and can have severe consequences.

The case also underscores the importance of being cautious when receiving unsolicited phone calls or requests, especially those that seem too good (or bad) to be true.

Gutman's experience serves as a sobering reminder of the potential dangers of phone scams and the importance of staying informed and protected.

It is essential to remember that banks and financial institutions will never ask customers to withdraw large amounts of cash or engage in suspicious activities.

Reporters and experts like Gutman emphasize the need for caution and awareness in the face of these increasingly sophisticated scams.

Avoid falling victim to these types of scams by staying informed, being cautious, and seeking help from trusted authorities if you suspect anything suspicious.

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