fraud

E-ZPass to ID Theft?

Posted on 07/18/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsPerfectly timed to the busy travel season, scammers are behind phony emails supposedly sent by the “E-ZPass Service Center” or “E-ZPass Collection Agency.” So beware. Whether or not you have an E-ZPass account, the bogus message may make its way into your inbox, prompting you to click a link.   Don’t take the bait. Not only will you be asked to provide sensitive personal and financial information, but clicking that link may also install malware onto your computer that could …

Senate Panel Holds Hearing on Scams Aimed at Seniors

Posted on 07/17/2014 by |AARP Blog Author | Comments

Money & SavingsBy Kristin Keckeisen, Fraud Watch Network campaign manager Finally, some much-needed attention to the long-running grandparent scam. The Senate Special Committee on Aging held a hearing on July 16th as part of an ongoing series highlighting fraud’s devastating impact on seniors. Among the witnesses: an 81-year-old Ohio resident who lost more than $7,000 to a con artist impersonating his grandson. The grandparent, or “family emergency,” con is simple — and effective. Scammers troll obituaries and social media sites to glean personal …

Tax Scammers Up Ante With Robocalls

Posted on 07/11/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsIn the four months since it made history as “the largest scam of its kind,” a now infamous IRS imposter telephone scam has escalated with a recent new spin. As fraudsters continue to pose as agents with that agency or the U.S. Treasury Department in “live” calls that threaten arrest or deportation, along with the seizure of property, businesses and driver’s licenses, they’ve recently upped the ante to now also incorporate robocalls in this widespread ruse. Either way, the story is …

‘Staggering’ Amounts of Federal Funds Improperly Distributed

Posted on 07/10/2014 by |General News | Comments

Bulletin TodayBy Stephen Ohlemacher, Associated Press WASHINGTON (AP) — Tax credits for families that don’t qualify. Medicare payments for treatments that might not be necessary. Unemployment benefits for people who are secretly working. Federal agencies reported making $100 billion in payments last year to people who may not have been entitled to receive them. Congressional investigators say the figure could be even higher. “The amounts here are absolutely staggering,” said Rep. John Mica, R-Fla. “It’s over $100 billion each of the last …

4 Scams That Prey on Your Patriotism

Posted on 07/2/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & Savings | Relationships | TechnologyHappy birthday, America! Time for fireworks, barbecues and flag-waving. But know that fraudsters also have their own reason to celebrate: On July 4 (and every other day), your patriotism helps them in some of the nation’s biggest scams — especially but not exclusively when targeting those of retirement age. “Despite the stereotype, there is not a lot of data to indicate that seniors are any more trusting than anyone else,” says Stacey Wood, a neuropsychologist at Scripps College in Claremont, Calif., …

Don’t Become a Credit ‘Mule’

Posted on 06/11/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsCash-desperate consumers are being lured into becoming unwitting “credit mules” via a cellphone scam, the Federal Trade Commission warns. Con artists pay targets a couple hundred dollars to sign up for wireless contracts for iPhones and other mobile devices, the FTC says. The consumers then turn over the smartphones to the scammers, who “unlock” the phones so they can be used by others. The phones then are often sold overseas, where they can fetch from $500 to $1,000 apiece, says Nat …