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Per a recent report by the Better Business Bureau, 44% of Americans have been approached with a government impostor scam, and 77% of people surveyed were familiar with the practice.
The latest scam is claiming that adults over the age of 51 can get a spending card through certain government programs. However, no programs exist and Social Security benefits are limited to ...
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.
Very similar to the casting agent scam is the "job offer" scam in which a victim receives an unsolicited e-mail claiming that they are in consideration for hiring to a new job. The confidence artist will usually obtain the victim's name from social networking sites, such as LinkedIn and Monster.com. In many cases, those running the scams will ...
Year Estimated impact Notes True Link [9] 2015 $36 billion in annual losses The study found that 37% of seniors affected over any given five-year period, consistent with 15% annual victimization rates found elsewhere. They do not provide a loss per incident but found any given victim loses approximately $11,600 over five years. Allianz [10] 2014
Older Americans Act of 1965: Long title: To provide assistance in the development of new or improved programs to help older persons through grants to the States for community planning and services and for training, through research, development, or training project grants, and to establish within the Department of Health, Education, and Welfare an operating agency to be designated as the ...
IRS and Social Security scams have been on the rise recently, exacerbated by using stimulus checks and new IRS rules as excuses to convince people to give up their money. Senior Stimulus: Which ...
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