fraud

Inside a Con Artist’s Mind

Posted on 05/13/2014 by |AARP Blog Author | Comments

Money & SavingsGreg Marchildon, AARP Vermont state director Did you know that every three seconds someone’s identity is stolen? Con artists have been around since the dawn of time, but the problem is worse today that ever, and older Americans are in the crosshairs of these criminals. Last year alone, 12.6 million citizens were victims of identity theft! How can you protect yourself from identity theft and fraud? What are some of the ways these scammers get you to take the bait — …

Why Fake Check Scams Keep on Working

Posted on 05/2/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsEven in this age of high-tech trickery, one classic con continues strong: The gotcha that results from any number of scams that involves a fake check or money order. Last year, fake checks once again ranked as number one on the “Top Scams” list by the National Consumers League and recently, they’ve been on the increase in some parts of the U.S. But no matter where you live, they remain the route to rip-off in some of the most prevalent schemes …

Inside the Grandparents Scam: A Con Artist Reveals All

Posted on 04/21/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsDonald and Ola Mae got scammed doing what any grandparent would do. Peter got them because he knew that love, indeed, conquers all. The secret to Peter’s success, like that of any scammer, was to get Donald and Ola Mae to think with their hearts instead of their heads — to get them “under the ether,” as it is called. Think with your emotions and you don’t think rationally, and that’s what turns targets into victims. That’s why the Grandparents Scam …

Those Free Dinner Seminars May Give You Heartburn

Posted on 04/21/2014 by |AARP Blog Author | Comments

Money & SavingsEver get those invitations for a free financial seminar at a restaurant? “Nothing will be sold — we only want to educate you on your financial future,” is the typical pitch. Most specify that “financial professionals may not attend.” However, I recently received one that didn’t exclude me, and decided to see what I might learn about my financial future. Here’s my experience and what you need to know. First, this wasn’t just some seminar at a local restaurant; this …

Where to Report Scams (and Why It’s Important)

Posted on 04/18/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsSilence is golden, at least for scammers. Say nothing and their bilking can continue until you and others are bled dry. Speak up and it can stop. Take, for example, another impressive yet little-publicized bust recently announced by the Federal Trade Commission. It ended a telemarketing scheme believed to have scammed more than $20 million from tens of thousands of older Americans. The agency alleges that for 31 months, a network of scammers in the U.S. and Canada cold-called retirement-age Americans …

Fear Is Back! Jury Duty, Other Intimidation Scams Return

Posted on 04/11/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsAs the forecast faithful can verify, March certainly came in like a lion. But out like a lamb? Scammers continue to be anything but sheepish in trying to steal your money and identity. Witness the recent return of the jury duty scam. That’s when fraudsters, posing as courthouse officials or police, telephone with claims you missed jury duty. Because of that, they threaten, you’re going to be arrested unless a fine is immediately paid — sometimes requested by credit card, but usually a …