Top 10 Scams Against the Elderly – Aging Wisely

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Top 10 Scams Targeting Seniors Unfortunately, the elderly are prime targets for scams, so much so that scams that are focused on them are known as ‘the crime of the 21st century’. The reason behind this is mainly because fraudsters believe seniors have lots of money.

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Ways to Protect Your Elderly Parents From Being Scammed It is important to be aware of the most common scams listed above to help your aging loved one avoid victimization. Caregivers and families can take the following steps to identify any red flags in their seniors’ lives:

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The elderly are often victims of financial fraud. It is so common, in fact, that the National Council on Aging has even put out an article identifying the top ten frauds against the elderly..

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Top 10 Scams Targeting Seniors. As posted on www.ncoa.org. Financial scams targeting seniors have become so prevalent that they’re now considered "the crime of the 21st century." Why? Because seniors are thought to have a significant amount of money sitting in their accounts.

An Arkansas court fined a woman $1.3 million for running an envelope stuffing scam from that state. Customers paid $99 to be part of the program and were led to believe they would receive $10..

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Which are the most common scams targeting seniors? According to the National Council on Aging (NCOA), the top 10 scams targeting seniors include the following: 1.Medicare – In scams involving Medicare, fraudsters pose as Medicare representatives to get seniors to give them their personal information, such as their medicare identification number. The fraudster uses this information to bill Medicare for fraudulent services and then pockets the money.

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