Make Sure You Don’t Fall for Any of These Scams

Make Sure You Don’t Fall for Any of These Scams

Seniors are frequent targets for unscrupulous “scam artists.” Scammers know that older people are likely to be more trusting and gracious than younger adults, and they are more likely to have assets like cash savings, real estate or good credit. In 2019, the Special Committee on Aging of the U.S. Senate estimated that American seniors lose $2.9 billion each year to financial scams. Many of these scam operations are run by criminals operating from foreign call centers, beyond the enforcement powers of American law enforcement and immune to prosecution. Nationwide, millions of our seniors are victimized each year by schemes involving lottery winnings, fake tax-due notices, fake tax return filings, bills for services never performed, and an endless range of other ways to cheat honest people. Not all of these schemes are aimed at wealthy or well-to-do seniors; scammers will gladly cheat any victim they can. Because they are often beyond the reach of American law enforcement, these crooks regard scamming...
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