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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
Phone numbers also can be spoofed to mimic those of callers known to the target of voice cloning scams. In 2023, senior citizens were conned out of roughly $3.4 billion in a range of financial ...
A scam that largely targets senior citizens, convincing them to liquidate and hand over assets, is heating up again, according to the FBI. ... Someone calls, posing as a tech support, finance or ...
When a scammer calls, silence is golden. ‘People are losing their life savings’: Seven Maryland residents lost $6.3 million in a gold bar scam targeting seniors. How to make sure this doesn ...
A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
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 ...
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 ...
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.