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Unfortunately, these reverse-mortgage scams do nothing of the sort; their goal is actually to steal the equity of the property entirely, leaving senior citizens potentially destitute. 10. Fake ...
Seniors lose more money by far to scams than any other demographic, with the median loss totaling $350, the Better Business Bureau found. And not surprisingly, there has also been a tide of ...
Alamy By MELANIE HICKEN Across the country, law enforcement officials are warning seniors to beware of so-called "grandparent scams," in which fraudsters are impersonating a grandchild in distress ...
Sixteen individuals have been charged in connection with a "grandparent scam" in which hundreds of elderly people were defrauded out of millions of dollars, said U.S. Attorney Philip R. Sellinger.
Cryptocurrency is a popular scam right now since many seniors know so little about it. If you are offered an investment on the phone, turn it down and do your own research. Dan Shick/Wikimedia Commons
The National Council on Aging recently reported that 92,731 older adults were victims of fraud and scams in 2021, leading to $1.7 billion in total losses. These scams may be especially prevalent...
According to the FBI, there were over 92,000 older victims of fraud — including the grandparent scam — resulting in $1.7 billion in losses in 2021. Bristol County DA Quinn said scam is ...
Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.