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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 ...
Scams against all age groups and demographics are on the rise in Ohio with no promise of going away anytime soon.. Con artists have become so active in the area that the Ashland Police Department ...
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, with the number of older Americans reporting losses of ...
In 2022 there were 88,262 people over the age of 60 in the United States who were victimized by online scams mainly targeting seniors, according to a report from the FBI’s Internet Crime ...
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
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 ...