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Financial scams are among the most common crimes out there, and seniors are taking the brunt of it. The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and ...
'Grandson-in-Jail' Scams. This one is a recent twist on a classic: A senior will get a phone call from someone pretending to be a relative, often a child or grandchild.That person will say that ...
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 ...
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
A scam that largely targets senior citizens, convincing them to liquidate and hand over assets, is heating up again, according to the FBI. ... and claims a financial account was hacked or is at ...
5.2% of seniors experience financial abuse by family members Only includes financial abuse by family members in the past year among adults 60+. Other studies have suggested about a third of incidents involve a family member or friend, so this is also consistent with a 15% victimization rate. Investor Protection Trust [12] 2010
Lee said those types of offers are scams almost 100% of the time. “If making money were that easy, then we’d all be rich,” he said. ‘Love Bombing’ or Romance Scams
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 ...