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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 ...
Elder financial scams are skyrocketing, with suspected fraud against seniors up nearly 50 percent in 2023, according to Thomson Reuters data (and 2022 was already a record year, up 50 percent from ...
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 ...
Every year, about 90% of consumers either fall for or encounter online scams. And while many consumers are sophisticated enough to avoid some of the most common scams, it doesn't take much for a ...
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
How to spot a scam. Senior citizens, according to the New Jersey Division of Consumer Affairs, are more frequently targeted by financial fraud scams than any other age group.
A scam that largely targets senior citizens, convincing them to liquidate and hand over assets, is heating up again, according to the FBI. "The FBI has received numerous reports regarding these ...
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