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2. The #1 Elder Financial Scam And How To Protect Your Loved ...

   www.aol.com/1-elder-financial-scam-protect...

   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 ...

3. Top 15 financial scams targeting older Americans — and what ...

   www.aol.com/finance/financial-scams-targeting...

   And seniors are taking the brunt of it. The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing ...

4. Seniors, Beware of These Scams - AOL

   www.aol.com/seniors-beware-scams-090000036.html

   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 ...

5. Elder financial abuse - Wikipedia

   en.wikipedia.org/wiki/Elder_financial_abuse

   Elder financial abuse is a type of elder abuse in which misappropriation of financial resources or abusive use of financial control, in the context of a relationship where there is an expectation of trust, causes harm to an older person. The Older Americans Act of 2006 defines elder financial abuse, or financial exploitation, as “the ...

6. Elder fraud scams cost millions every year and are rising in ...

   www.aol.com/elder-fraud-scams-cost-millions...

   The FBI-Boston reports that the most common elder fraud schemes reported to IC3.gov in 2023 were "tech support scams, confidence and romance scams, investment scams, and government impersonation ...

7. True Link - Wikipedia

   en.wikipedia.org/wiki/True_Link

   True Link offers a Visa card with special controls that prevent common types of fraud and financial abuse targeting the elderly. In addition to fraud-detection algorithms developed by the company, the card can be customized to restrict telemarketer purchases across the board, block certain charitable organizations and allow others, set limits on ATM usage and receive text messages, or ...

8. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   The counseling is meant to protect borrowers, although the quality of counseling has been criticized by groups such as the Consumer Financial Protection Bureau. [ 1 ] In a 2010 survey of elderly Americans, 48% of respondents cited financial difficulties as the primary reason for obtaining a reverse mortgage and 81% stated a desire to remain in ...

9. How to spot a scam online - AOL

   www.aol.com/lifestyle/over-60-tell-someone...

   Online scam No. 3: Your "grandchild" asks for money over the phone. Scammers may try to pretend to be your grandchildren. (Photo: Getty) (fizkes via Getty Images) The panicked phone call sounds so ...