Top 10 Scams Against the Elderly – Aging Wisely

The Federal Trade Commission (FTC) today announced a huge crackdown of the type of travel and timeshare resale scams I wrote about in December, when they showed up for the first time in the Top 10.

According to the National Council on Aging (NCOA), the top 10 scams targeting seniors include the following: Medicare – Fraudsters pose as Medicare representatives to deceive seniors into providing their personal information, such as their Medicare identification number.

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Here are ways to protect against financial elder. for the Prevention of Elder Abuse. Knowing about potential scams before they happen can help. The top 10 financial scams, according to the National.

Here are 10 common scams targeting elders that you should know about and share with your elderly loved ones. 1. Sweepstakes and lottery scams. In these types of scams, the elder is informed that they have won a lottery or sweepstakes and need to make some sort of payment to receive the prize.

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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.

She hung up, drove to her bank, withdrew $5,000 from savings, and bought 10 $500 Green Dot MoneyPak cards at a CVS. (Have you, a friend, or a family member been the victim of an elder scam to steal.

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.

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.

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Fraud Against Seniors The FBI’s common fraud schemes webpage provides tips on how you can protect yourself and your family from fraud. Senior citizens especially should be aware of fraud schemes.