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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 ...
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 ...
Mrs. K., a retired educator living in the downtown L.A. area, was shopping online for a car several weeks ago when she got reeled in. The scam began with a pop-up alert about a computer virus and ...
In this variation of COVID-19 scams, the fraudster claims that the victim is eligible for a COVID-19 benefit payment. This scam is a derivative of the advance-fee scam, where the scammer will ask the victim for a small payment in return for the 'benefit'. The scammer will then ask for further payments under the guise of problems, until the ...
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+. ... received more than 101,000 reports of scams and fraud against people ages 60 and older in ... viruses and cyber criminality.
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 ...