Lucky me. Turns out I’m entitled to receive $3,200 in “free” government money. The reason, the caller explained: “Because you always file your IRS taxes on time.”
Consumers reported losing $1.7 billion to scams and frauds in 2014, according to an annual review released by the Federal Trade Commission. That figure is likely a fraction of actual losses, since many people never report their victimization.
After a lifetime of working and saving, our parents shouldn't have to fend off fraudsters trying to siphon their funds. But financial exploitation of older adults is happening with increasing alarm, officials say.
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