fraud

Spring Cleanout? Beware of Seasonal Scams

Posted on 03/21/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsAfter a polar-vortexing bear of a winter, spring has sprung (finally!) — at least according to the calendar. So now’s the time to prepare for scammers who spring into action, trying these perennial ploys: Home Repair Scams They may promise deals on asphalt paving, roof work or other “needed repairs” they happen to spot from their pickups or by going door to door. But beware of any “con”-tractors who then request upfront payment under the guise of having to buy materials; …

Fending Off Online Fraud

Posted on 03/19/2014 by | AARP Blog Author | Comments

Money & Savings | TechnologyEric Schneidewind, AARP Board Member There is no question about it: Online scams are growing in number and complexity. I’ve seen them in my email account. I’ve read about them in AARP publications. And I’ve heard about them through the work of fraud fighters in my state, Michigan. Some of them are truly disturbing. One in particular struck close to home, though it didn’t happen to me, fortunately. You hear about people being emailed and told that a loved one …

Ponzi Victims Can Sue, Supreme Court Says

Posted on 03/11/2014 by | Legal Grounds | Comments

Bulletin TodayIn 2012, Robert Allen Stanford was convicted of running a Ponzi scheme that bilked investors to the tune of $7 billion. While that might be only a fraction of the $65 billion that Bernard Madoff got away with, it’s still about 10 percent of New York City’s budget for 2013. Stanford was sentenced to 110 years in prison, but his victims demanded more than just jail time. While they couldn’t sue Stanford directly, they could, they argued, sue the firms …

Online Fraud: Are You Next?

Posted on 03/5/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsThe difference between computer users who get scammed and those who don’t often comes down to a simple checklist: In just-released research, AARP identifies 15 particular behaviors, life situations and knowledge attributes that significantly increase vulnerability to online fraud. The kicker: Nearly 1 in 5 American adults — roughly 34 million people — engage in at least seven of them. These eye-opening findings are pooled from detailed surveys of more than 11,000 adults across the U.S., comparing the online actions, behaviors and life experiences …

New Twists on 3 Old Tricks

Posted on 02/21/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsOnce again, scammers have developed new twists on some of the most popular frauds of years past. Although the original versions continue — especially preying on those over age 50 — here’s what you should know about some revised rip-offs currently making the rounds. The hostage scam: An offshoot of the notorious Grandparents Scam, it also feigns that a beloved relative is in trouble … and needs quick cash to remedy the situation. But instead of phone calls from scammers posing as grandkids …

Beware of Fake Funeral Notices

Posted on 02/13/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsWith the latest malware campaign aimed at hijacking sensitive computer files and online accounts, scammers have sunk to a new low — specifically, six feet under. Cybercrooks are emailing fake funeral notifications. Stealing the names and logos of legitimate funeral homes, they appear to be an e-invite to a funeral or remembrance service for an unnamed friend or acquaintance. The gotcha is a link, alleged to provide details about the “upcoming celebration of your friend’s life service.” Click it and “instead …