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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 ...
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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
Scams and confidence tricks are difficult to classify, because they change often and often contain elements of more than one type. Throughout this list, the perpetrator of the confidence trick is called the "con artist" or simply "artist", and the intended victim is the "mark".
And if you haven’t fallen victim to a scam, you might think scammers target only seniors and retirees. However, the truth is that digital fraudsters will go after anyone with money to be had.
Unfortunately, there are a number of scammers who target elderly, retired people -- and these scams can get very costly. Such was the case with a recent scam that occurred in Peachtree City ...
Payne and other church elders promised the church members double their money back in 17 months or fewer, citing Biblical scripture. [3] [4] However, nearly all the money was lost and hidden away. [5] Church leaders received prison sentences ranging from 12 1 ⁄ 2 years to 27 years. [6]
Maximult/Shutterstock Seniors are among the most common victims of con artists. According to New York State AARP Director Beth Finkel, older Americans had $2.9 billion stolen from them in the most ...