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The Federal Trade Commission (FTC) is angling to give a Wisconsin-based supplement company a legal battle it won’t soon forget. Memory-boosting supplement Prevagen is a scam, regulators say Skip ...
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 ...
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 ...
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]
The FBI's Internet Crime Complaint Center has seen a spike in similar gold bar scams, which target vulnerable seniors. Between May and December 2023, victims lost more than $55 million to this ...
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 ...
Scammers target a variety of people, though research by Microsoft suggests that millennials (defined by Microsoft as age 24-37) and people part of generation Z (age 18-23) have the highest exposure to tech support scams and the Federal Trade Commission has found that seniors (age 60 and over) are more likely to lose money to tech support scams.
Also, in August 2009, Illinois Attorney General Lisa Madigan filed suit against three local açaí berry supplement suppliers and an affiliate marketer. [5] On 5 August 2010, the Federal Trade Commission sued Coast Nutraceuticals, Inc., a maker of açaí berry dietary supplements. The FTC cited false claims that the pills could cause weight ...