7. Help Scams This is a scam that often confuses the elderly, as it causes them to panic and act without calmly considering the situation. A scam artist calls up the unsuspecting target, and with some basic information convinces the senior that he or she is a grandchild in a dire situation.

mortgage Suddenly, mortgage broker mark livingstone is working weekends and spending his meager free time reading resumes because he needs help handling the crush of refinancing applications. Rates for 30-year.

The Senate Special Aging Committee held a hearing on combatting scams that target the elderly. With an aging population and new.

How the aging brain may become more susceptible to financial scams. David Brancaccio reports on alleged fraud victims and their families.

The more an elderly person depends on the caregiver, the more opportunity there is for. easy to steal jewelry, personal valuables and credit cards from an aging person.. of dollars from victims who let sympathetic emotions cloud good judgment.. on the finances, then the thief may gently suggest that it's not wise to allow.

Scams in which fraudsters pretend to be employees of the Internal Revenue Service are the most common complaint seniors reported to the U.S. Senate Special Committee on Aging’s fraud hotline in 2017, according to a report released this week at a hearing. Robocalls and sweepstakes scams were second and third on the list.

To take on this crime wave, the Tarrant County District Attorney’s office earlier this year established an elder financial fraud. 10 other local and state groups, ultimately decided to create the.

Top 10 Scams Targeting Seniors. As posted on www.ncoa.org. Financial scams targeting seniors have become so prevalent that they’re now considered "the crime of the 21st century." Why? Because seniors are thought to have a significant amount of money sitting in their accounts.

Feb. 22, 2016 – The top ten frauds against senior citizens in the United States have been identified by the U.S. senate aging committee, which has published a guide to inform and help protect seniors from some of the most pervasive and malicious scams and frauds.

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Don't contribute to the 10 million dollars lost by seniors each year.. If you have questions or concerns regarding Identity Theft or Scams be wise and get more.