3 Financial Scams Against the Elderly Citizens

3 Financial Scams Against the Elderly Citizens

3 Financial Scams Against the Elderly To Be Aware Of

Criminal financial scams against the elderly continue to be prevalent despite repeated warnings by many agencies. As a rule, scammers have no morals, and are willing to take whatever they can from the elderly. Most seniors are too trusting and are willing to help those in need and scammers count on that and govern their scams accordingly.

There are three (3) common financial scams to avoid that we will discuss here that continue to be perpetrated against senior adults. Many others exist, but these three are the most prevalent. They are:

View full post…

Read More... 5 Comments

10 Scams Perpetrated On Seniors – Part 2

Scams against the elderlyIn part 1 of these two posts of the most common types of scams perpetrated on seniors, we covered the Cemetery & Funeral Scam, Counterfeit Prescription Drugs, Fake Anti-Aging Products, Healthcare Fraud, Medicare Fraud, and the old Pigeon Drop Scam. In Part 2, we are listing 5 additional scams that are among the more popular ones. These 10 scams mentioned here are by no means all inclusive, as these unscrupulous individuals create more as situations change.

      6. The Fake Accident

This one is fairly much self explanatory, and is similar to the Grandparent scam. An elderly individual is contacted, usually by telephone, and is told that one of her children or a grandchild has been View full post…

Read More... 20 Comments

10 Scams Perpetrated On Seniors – Part 1

10 Scams That Senior Adults Must Be Aware Of

Scams against the elderlyDuring the past few years, senior adults have been the primary target of various financial scams, to such extent, that it’s been suggested that this is the major crime of the 21st century. For some reason, con men and women have the mistaken idea that seniors are all wealthy, and have large sums of money at their disposal.

Unfortunately, this is rarely the case. With the economy in terrible condition, plus the recessions that we have suffered, many seniors have seen their nest egg dwindle to practically nothing. As a matter of fact, many have had to take on part time jobs just to make ends meet.  So when some con is perpetrated on a senior adult, it can be a truly devastating crime.

These individuals who practice these scams don’t seek out only wealthy individuals. Their lack of morals causes them to approach any senior citizen and to find a way to take their money. Many times, these types of crimes go unreported because the victim is too ashamed to tell their family about it.

In these current times, many low income senior adults are targeted as well.  To make this crime even worse than it actually is, it’s not always a total stranger who commits this crime. Statistics have revealed that over 90% of scams committed against the elderly, are perpetrated by their adult children, and other family members. What a disgusting, repulsive act to commit against a loved one.

View full post…

Read More... 18 Comments