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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 ...
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 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.
An automated message says "that someone has ordered a free medical alert system for you, and this call is to confirm shipping instructions" before the call is transferred to a live operator who requests the elderly patient's credit card and identity card numbers. The device is not free; there is a high monthly charge for "monitoring".
Spokeo warns to watch out for these 10 senior citizen scams that target their hard-earned savings. 1. Romance Scams. Flattery has no expiration date, and many a lonely or bereaved senior has found ...
Maximult/Shutterstock Seniors are among the most common victims of con artists. According to New York State AARP Director Beth Finkel, older Americans had $2.9 billion stolen from them in the most ...
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