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Two men are heading to prison after the Department of Justice said they and 62 others defrauded millions of dollars from older Americans for two decades in a nationwide magazine subscription scheme.
Magazine subscriptions scam - Scammers call victims with an intriguing offer and that for a small payment they can get a yearly subscription to their favorite magazine, even though they have no affiliation with the magazine's publisher. When victims agree, the scammers will send random magazines with grossly inflated prices.
American Family Publishers was an American company that sold magazine subscriptions. Founded in 1977, American Family Publishers (AFP) was one of America's leading marketers of magazine subscriptions. AFP was jointly owned by TAF Holdings, Inc. (a subsidiary of Time Inc.) and a group of private investors.
The magazine was linked to an international scandal in the run-up to World War II. The New York Times had sold Current History in 1936 to the editor Merle Tracy; in 1939 it was sold again, to an ownership group that included Joseph Hilton Smyth, who also acquired such magazines as The Living Age and The North American Review.
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.
AOL may send you emails from time to time about products or features we think you'd be interested in. If you're ever concerned about the legitimacy of these emails, just check to see if there's a green "AOL Certified Mail" icon beside the sender name.
However, Costco’s website cautions that these offers are scams, and a close look could verify that the sender or website isn’t the retailer. Don’t respond or give any information. 3.