Investment & Reverse Mortgage Schemes

Investment Schemes As people plan for retirement, senior citizens may fall victim to investment schemes. These may include advance fee schemes, prime bank note schemes, pyramid schemes, and Nigerian letter fraud schemes.  Reverse Mortgage Scams The FBI and the U.S. Department of Housing and Urban Development Office of Inspector General (HUD-OIG) urge consumers, especially senior […]

Tips for Avoiding Counterfeit Prescription Drugs

Tips on how you can protect you and your family from fraud. Senior Citizens especially should be aware of fraud schemes. Tips for Avoiding Counterfeit Prescription Drugs: Be mindful of appearance. Closely examine the packaging and lot numbers of prescription drugs and be alert to any changes from one prescription to the next. Consult your […]

Telemarketing Fraud Targets Seniors

Telemarketing Fraud: Source: Telemarketing Fraud When you send money to people you do not know personally or give personal or financial information to unknown callers, you increase your chances of becoming a victim of telemarketing fraud. Here are some warning signs of telemarketing fraud—what a caller may tell you: “You must act ‘now’ or the […]

Fraud Target: Senior Citizens

Fraud Target: Senior Citizens   Source: ( Senior citizens are most likely to have a “nest egg,” to own their home, and/or to have excellent credit—all of which make them attractive to con artists. People who grew up in the 1930s, 1940s, and 1950s were generally raised to be polite and trusting. Con artists exploit […]