Scams Targeting Seniors: A Growing Concern Senior scams are alarmingly common, preying on trust, pride, and sometimes mild cognitive decline. Elderly individuals living independently are especially vulnerable, often hesitant to admit when they’ve been scammed for fear of embarrassment or losing their independence. While it’s challenging to stop scammers entirely, understanding their tactics and learning […]
Scams Targeting Seniors | A True Story (Part 1)
When most adult children hear of scams targeting seniors, they understand the situation, but assume it would never happen to their parents. In fairness, most articles and advice you’ll find on the subject provide generic information. With so few first-hand accounts, it’s hard for many people to visualize just how these fraudulent companies operate. One […]
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Scams Targeting Seniors | A True Story (Part 2)
When Tom arrived at his father’s house, he was aghast to find the two plumbers cutting into the concrete patio in the backyard. When he asked his father what was going on, the elderly parent said that he told them to stop, but they argued they needed to continue working and dig into the piping […]
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How to Avoid Fraud
Earlier, we discussed how and why fraud was prevalent in seniors. Today, is on how fraud can be avoided. Many fraudulence crimes are a result of Medicare fraud and that’s been one of the main reasons our health care system was reformed. Every year, Medicare spends roughly $560 billion and Medicare fraud makes up $17-57 […]
Why Seniors Are Targeted by Fraud: Understanding & Preventing Scams
Seniors and Fraud: A Growing Concern Senior citizens are disproportionately targeted by fraudsters, with scammers exploiting their trust, independence, and financial stability. Fraud against seniors isn’t just a financial issue—it’s a form of elder abuse. Protecting our loved ones requires understanding why seniors are targeted and how to prevent these schemes. Even the Federal Bureau […]
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