Top 10 Scams Against the Elderly – Aging Wisely

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By 2030, seniors are projected to account for one in six people globally. The aging process is most advanced in Europe. They may believe that they are better protected against malpractice lawsuits.

Those over the age of 65 are more likely to have lost money due to a financial scam than someone in their 40s. To help the elderly avoid becoming victims of fraud scams, it is important to understand why they are targets, what schemes and tactics are commonly used against them and how these schemes affect them.

According to the National Council on Aging (NCOA), here are the top 10 financial scams that are wreaking havoc in the lives of seniors. Top 10 financial scams targeting seniors 1.

In fact, that department recently conducted the largest elder fraud enforcement action in American history. The elder fraud sweep culminated in the announcement of charges against. Aging has also.

In January 2017, Alsafi’s estate filed a medical malpractice and wrongful death lawsuit against Tenet. unspecified standards of conduct. Schreiber, Elder, Amir Kaki and Tamal Mohamad have been top.

Beware Of These 10 Common Senior Scam Tricks Senior scam victims in the United States hand over at least $2.6 billion to crooks every year, according to recent newspaper reports, with as many as one in every five seniors losing money.

Get tips from the FBI on preventing 3 top senior scams.. How seniors avoid fraud with anti-aging products: If it sounds too good to be true, it probably is. Be suspicious of secret formulas or miracle breakthroughs.. Next Step Find out more about these top scams against seniors at .

Frauds perpetrated against senior citizens are estimated to cost victims $2.9 billion each year. The Senate Committee on Aging, which operates.

Brandy Bauer is Associate Director of NCOA’s Center for Benefits Access, where she educates both aging network professionals and consumers about Medicare and opportunities to improve seniors’ economic outlook, including through public benefits, community service employment, financial education, and using their home equity wisely.

victims, this report features the top ten scams reported in 2015 to the Fraud Hotline. In addition, this report includes resources for consumers who wish to report scams to state and federal agencies. The range and frequency of scams perpetrated against seniors that were reported to the Fraud Hotline in 2015 demonstrate the extent of this epidemic.

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