Taking Aim at Veterans’ Nest Eggs
Military veterans are frequently targeted by fraudsters, but perhaps the most insidious are self-described “veterans advocates” who take aim at retirement nest eggs. Some promise lump-sum cash payouts for veterans’ pensions and future benefits. But officials warn that those advances typically pay only pennies on the dollar of the pension’s actual worth and can carry loan shark-like interest rates (reports range up to 106 percent). Some charge hefty fees for services like filing pension or other claims or getting military …
8 Scams That Take Aim at Veterans
En español | Just in time for Veterans Day, there’s a despicable new addition to a long list of scams that target veterans and their families. Scammers are calling widows of military veterans, saying the deceased had a hefty life insurance policy but payments are in arrears — and a few thousand dollars will bring the life insurance policy up to date. Whether you’re an active-duty member or a military veteran, a family member or an everyday civilian who appreciates …