scam

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 …

1-Click Tricks in Valentine’s Day Scams

Posted on 02/7/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsIt’s not just hearts that are stolen come Valentine’s Day. Also at risk: Your money, identity and sensitive computer files and online accounts – thanks to the many opportunities to infect computers with malware this love-filled season. True, most attention – and the biggest financial losses – occurs with “long-con” romance scams. That’s when crooks (often part of overseas organized crime rings) scroll dating websites and chat rooms, inventing fake identities tailored to their victims’ interests. After weeks or months …

How Target-Like Breaches Occur (P.S. More Are Expected)

Posted on 01/28/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsMaybe you are among the 110 million Target shoppers whose payment card or personal information was hacked during the recent holiday shopping season. Perhaps you are one of the 1 million-plus Neiman Marcus customers whose data was exposed in a 2013 breach just recently announced. Been to Michael’s lately? The arts and crafts retailer is the latest well-known company whose customer payment details were reportedly stolen in the same type of data breach. How are con artists doing it — and which …

Fighting Health Care Fraud: The Power of One

Posted on 01/17/2014 by |Legal Grounds | Comments

Bulletin TodayCan a single federal prosecutor make much of a difference in the war against health care fraud? Yes, a new analysis of Justice Department statistics suggests. And the stakes are enormous: Fraud is thought to cost the Medicare program alone up to $90 billion each year. The analysis — from the Transactional Records Access Clearinghouse (TRAC), a nonprofit group based at Syracuse University — shows that federal prosecutors filed a record number of new health care fraud cases in fiscal …

Beware the ‘Befriender’

Posted on 12/3/2013 by |Legal Grounds | Comments

Bulletin TodayIt’s often true that older people feel lonelier as their children leave the nest, their friends move south and their spouses pass away. That’s one reason they’re particularly vulnerable to new “friends” who in truth are out to exploit them. As Katherine Pearson, a professor at Penn State’s Dickinson School of Law, explains in the Elder Law Prof Blog, these “befrienders” aim to gain the trust — and eventually access to the assets — of their victims. But if you …

Rent to Own? It Could Cost You Big Time

Posted on 11/14/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsAs the holiday shopping season gets under way, you may be tempted to buy that fancy flat-screen TV, a laptop with the latest technologies or a stylish sofa to replace the one your cat uses as a scratching post. (I’m talking to you, Indy). To pay for that big-ticket item, you may be tempted by rent-to-own deals in department stores that now offer them, like Kmart and Sears, according to a Bloomberg report. , rent-to-own deals usually take advantage of …