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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 ...
Free money always comes at a cost. Many are now learning this the hard way, as scammers are increasingly trying to trick potential victims with offers of fraudulent government grants. Consider: 5 ...
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 ...
Seniors' level of vulnerability to this type of exploitation varies by the type of scam. For example, the AARP found that lottery fraud victims were more likely to be women over 70 living alone, with lower education, lower income, and less financial literacy, while victims of investment fraud were more likely to be men between the ages of 55 ...
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".
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.
Traditional paper food stamps with an early EBT card. Before the introduction of electronic benefit transfer (EBT), government benefit programs primarily relied on paper-based methods. The Food Stamp Program (FSP), for example, utilized color-coded paper coupons ("stamps") that were redeemable at authorized retailers.
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 ...