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Selling Anxiety. What to look out for: Scams often start with unsolicited phone calls offering products aimed at easing a person's fears. Calls such as these were at the heart of a case in which a ...
Reverse mortgages, or home-equity conversion mortgages, increased by a staggering 1,300% between 1999 and 2008 (the property crash). They're still a popular target for scammers today.
Here's some tips to ensure you or others you know (it's good to alert older residents) don't fall prey to the scam: Remember that the government or legitimate businesses would not ask you to ...
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 ...
Pressing a button on the pendant contacts a Life Alert call center, and a Life Alert dispatcher then contacts 9-1-1. The company requires service contract with a minimum term of three years. Some people call life alert and have them transferred to their dispatch office and a 911 operator [3]
The Spanish Prisoner scam—and its modern variant, the advance-fee scam or "Nigerian letter scam"—involves enlisting the mark to aid in retrieving some stolen money from its hiding place. The victim sometimes believes they can cheat the con artists out of their money, but anyone trying this has already fallen for the essential con by ...
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 ...
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.