Most Likely to Be Scammed? Not Seniors, but Millennials

Gray-haired folk have long held “most scammed” status, but it may be time to pass on that unfortunate legacy. While the retirement-aged are targeted most often, data increasingly shows that it’s millennials — our children and grandchildren ages 18 to 35 — who are most likely to lose money to fraudsters. Consider these recent findings: Phone scams. About 1 in 10 American adults fell victim to phone scams last year, losing an estimated $9.5 billion in total. Leading the pack …

Fear by Phone: High Anxiety for You, High Profits for Scammers

The telephone is a scammer’s best weapon, used in 77 percent of money-netting schemes, according to the government’s latest scam-tracking data. The best ammo: fear, and here’s how it bangs best for the biggest bucks: “Official” intimidation. The most profitable and most played schemes have fraudsters posing from a government agency — Medicare, the Social Security Administration, the FBI, local police and, of course, the IRS. (Until it was busted last year, one India-based ring of IRS impostors was netting …