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The Depths of Financial Fraud: Cathy Wilson’s Journey and the Battle Against Scammers

By May 15, 2024Blog

In the unending world of financial fraud, where deceit lurks behind every digital corner, Cathy Wilson, Peer Support Facilitator / Provider at Give an Hour, stands as a stalwart guardian, a beacon of resilience, and a voice for the voiceless. Through her extensive experience in counseling and her impassioned commitment to supporting victims of scams, Cathy has carved out a niche where empathy meets empowerment, where trauma is met with understanding, and where healing is not just a possibility but a tangible reality.

Cathy’s journey into the realm of financial fraud support was not a deliberate choice but a serendipitous discovery born out of necessity. Over a decade ago, she found herself face-to-face with clients who had been ensnared in the web of deceit spun by scammers. What began as a quest for resources and guidance for her clients quickly transformed into a mission to shed light on the emotional toll of financial fraud and to provide a lifeline for those drowning in shame and despair.

At the heart of Cathy’s approach lies a profound understanding of the multifaceted nature of financial fraud and its devastating repercussions. Financial fraud encompasses a wide array of deceptive practices, each designed to exploit vulnerabilities and manipulate individuals for monetary gain. From classic Ponzi schemes to sophisticated online phishing scams, the tactics employed by fraudsters are as diverse as they are insidious.

One of the most prevalent forms of financial fraud is the notorious romance scam. In this scheme, perpetrators use false identities and fabricated personas to establish romantic relationships with unsuspecting victims, only to exploit their trust and extort money under false pretenses. Victims of romance scams often find themselves emotionally and financially devastated, their trust shattered and their sense of security shattered.

Another insidious tactic employed by fraudsters is the so-called “pig slaughtering” scam, a term derived from the metaphorical slaughter of innocent victims. In this scheme, individuals are coerced into investing in fraudulent ventures or bogus opportunities, promising high returns and guaranteed profits. However, as the scheme unravels, investors find themselves left empty-handed, their hard-earned savings decimated and their trust betrayed.

Amidst the myriad forms of financial fraud, Cathy’s role as a peer support facilitator takes on added significance. She provides a safe haven for victims to share their stories, to confront their shame, and to reclaim their sense of agency in the face of adversity. Through her peer support groups, Cathy tackles the pervasive stigma and victim-blaming that often accompany experiences of financial fraud, fostering a community of solidarity and understanding.

In her work, Cathy emphasizes the importance of acceptance and validation for victims, acknowledging the trauma they have endured and validating their experiences without judgment. She understands that healing is not a linear process and that acceptance may come as a rude awakening for some, but she stands as a steadfast ally, guiding individuals on their journey towards recovery and resilience.

Beyond her peer support groups, Cathy actively engages in advocacy efforts and educational initiatives to raise awareness about the structured and systematic tactics employed by scammers. She collaborates with organizations like FINRA to disseminate information and resources, equipping providers with the tools they need to support victims effectively and combat fraud proactively.

Despite the challenges inherent in her work, Cathy finds inspiration in the resilience of those she supports. She witnesses individuals emerge from their trauma, empowered to help others and challenge the stigma surrounding financial fraud. Through empathy, education, and advocacy, Cathy’s journey embodies the transformative power of peer support in the fight against financial fraud.

As she continues to champion the cause of scam survivors, Cathy’s unwavering dedication serves as a beacon of hope in a landscape fraught with deception and despair. Her tireless efforts remind us that, even in the face of adversity, healing is possible, and together, we can dismantle the barriers of shame and stigma that stand in the way of recovery. Through empathy, education, and action, Cathy’s journey stands as a testament to the resilience of the human spirit and the power of community in the fight against financial fraud.

To Connect with Peer Support for Financial Fraud and Cathy, please visit GiveAnHour.Org/Financial-Fraud and GiveAnHour.Org/PeerSupport 

Cathy Wilson is a Licensed Professional Counselor that specializes in assisting scam survivors in their healing journey.  She also speaks on this topic, has created online courses for supporters, and is the author of three books, including The Emotional Impact of Being Scammed and How to Recover.  You can find more information about her at or