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Top 10 Scams Against the Elderly – Aging Wisely

 · Are you a victim of these scams targeting seniors?. of Americans leads a 2017 U.S. Senate ranking of the Top 10 scams targeting. by the Senate Special Committee on Aging (1.

Seniors who live alone are at an especially high risk for financial scams because they tend to be extremely trusting and do not have anyone with them to warn them against a possible scam. Some frauds specifically target older adults because they are under the impression that they have large amount of money saved up.

 · So in response and to raise awareness, we have identified the top 10 scams that plague senior citizens in retirement, along with examples for each. Top 10 scams targeting seniors Scam #1: Ponzi/Pyramid Schemes. In Birmingham, Alabama, a gentleman offered free tax work to a church whose members were largely 60 years and older.

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Top 10 Scams Targeting Seniors UF/IFAS Extension Page 2 The top 10 scams targeting seniors include (NCOA, 2013): 1. health care/medicare/health insurance fraud 2. Counterfeit Prescription Drugs 3. Funeral & Cemetery Scams 4. Fraudulent Anti-Aging Products 5. Telemarketing If it sounds too good to be true, it probably is 6.

Seniors may fall for an email that appear to be from a trusted source asking for social security to verify an account. The number of scams against the elderly keeps growing. "A lonely senior is susceptible to romance scams. A senior who needs home repairs is vulnerable to a home repair scam," says Rob Dunn, owner of SYNERGY HomeCare of Yuma.

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Consider freezing your credit report, which guards against having unauthorized accounts. The National Council on Aging, an advocacy group for seniors, has links to common financial scams that are.

 · Unfortunately older adults are the target of many types of scams received over the phone or via an email. One of the best ways to protect our loved ones from these types of tactics is to talk with.

fraud has been a top priority in fulfilling that mandate for over a decade. In particular, the Commission has committed significant resources to the war against telemarketing fraud – – a type of fraud that frequently victimizes the elderly. Fraudulent marketing schemes change over time, but they share one thing in common: