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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 ...
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.
Hopefully, by 2025, everyone will know to not give their credit card information or Social Security number out through emails or text messages with unknown parties. The good news is that some ...
The Denver branch of the FBI recently shared a warning about the new scam known as the “phantom hacker” scam, which targets senior citizens — half of the victims reported were over 60.
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 ...
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 ...
Victims aged 60 or over who need assistance with filing a complaint can contact the Justice Department's Elder Justice Hotline, 1-833-FRAUD-11 (or 833-372-8311).
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