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The Top 5 Financial Scams Targeting Older Adults

Date: July 23, 2025

The article from the National Council on Aging highlights the top financial scams targeting older adults. These scams include Medicare and health insurance fraud, where scammers pose as Medicare representatives to steal personal information. Counterfeit prescription drugs are another threat, often sold online to seniors seeking affordable medication. Funeral and cemetery scams exploit grieving families by overcharging for services. Fraudulent anti-aging products promise miraculous results but deliver none. Lastly, telemarketing and phone scams involve fake charities or lottery winnings to extract money from seniors. Awareness and vigilance are crucial for older adults to protect themselves from these deceptive practices....

Boomers are getting scammed for billions online — here’s how to break the cycle

Date: July 23, 2025

The article discusses the growing issue of financial scams targeting the elderly, resulting in significant monetary losses. Elderly individuals are often targeted due to factors like isolation, cognitive decline, and unfamiliarity with technology. These scams can take various forms, including phishing emails, phone scams, and fraudulent investment schemes. The financial impact is severe, with many losing their savings and financial security. The article emphasizes the importance of educating seniors and their families about potential scams and implementing stronger protective measures. It also calls for better regulatory actions and community support to safeguard the elderly from such financial exploitation....

FBI Recognizes Elder Abuse Awareness Day and Warns Americans About Elder Fraud

Date: July 23, 2025

The FBI's Cleveland Field Office highlights World Elder Abuse Awareness Day, emphasizing the growing issue of elder fraud. Elder fraud involves scams targeting older adults, often resulting in significant financial losses. Common schemes include romance scams, lottery scams, and tech support fraud. The FBI urges the public to remain vigilant and report any suspicious activities. They stress the importance of educating elders and their families about these scams to prevent victimization. Additionally, the FBI collaborates with various organizations to combat elder fraud and provide resources for victims. Awareness and proactive measures are crucial in protecting the elderly from fraud....