Top 10 Scams Against the Elderly – Aging Wisely

Q: How widespread and costly are financial crimes against older Americans? A: Elder financial. The National Council on Aging has created a top 10 list of financial crimes targeting older consumers.

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 · The Latest Scams Victimizing Older Americans. Here are 10 common tactics fraudsters use to separate seniors from their money: 1. The Grandparents Scam. We were first alerted about this scam when the mother of one our own staff was targeted.

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’s who comes out on top. deal’s anti-fraud provisions. The new budget deal restricts access to the government’s Death Master File and expands the ability of officials to cross-reference.

4. Fraudulent Anti-aging Products. In a society that stigmatizes aging, it is easy to understand why people may fall for scams that offer them the fountain of youth. Many older Americans seek out new treatments and medications to maintain a youthful appearance, putting them on scammers’ radars.

fighting fraud: u.s. senate aging com-mittee identifies top 10 scams tar-geting our nation’s seniors r e p o r t of the special committee on aging united states senate february 11, 2016.-ordered to the printed

Senior Scams: Preventing Tech & Financial Scams Against the Elderly Most Americans encounter some form of fraud during their lifetime, but none are as likely to fall prey to it as senior citizens. Older generations tend to be more polite and trusting, making them particularly vulnerable to the high-pressure tactics of con artists.

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.

Last year, losses from that broad range of elder. 10 per month but left undiagnosed could lead to a heart attack or stroke, says physician Davis Liu, the author of "Stay Healthy, Live Longer, Spend.