MSN Money: 10 scams targeting seniors

From MSN:

“Financial scams targeting seniors are grabbing a larger share of the headlines these days, as law enforcement and government, including the new Consumer Financial Protection Bureau, seek to squash this growing crime.

Almost daily, there’s a new ploy that emerges, seeking to tap into the large amount of money older Americans have in their bank accounts.

‘I call it the ‘scam du jour syndrome’,” says Bob Blancato, the national coordinator of the Elder Justice Coalition. “New ones pop up on a regular basis,” often tied to local or national events, investments or the well-being of a family member.

Annual losses from elder financial fraud jumped 12% to $2.9 billion in 2010 from $2.6 billion in 2008, according to the MetLife Study of Financial Elder Abuse.

Find out what the top 10 scams are:


About UWF Center on Aging

The Center on Aging at the University of West Florida was established in the Fall of 2010 when the School of Psychological and Behavioral Sciences faculty along with assistance from Sponsored Research submitted a grant to the State University System Board of Governors in support of aging initiatives for Northwest Florida. Its mission is to improve the quality of life of aging adults through the application of science to address challenges associated with aging and to promote healthy aging, with an emphasis on prevention. This will be accomplished through inter-disciplinary and inter-professional efforts of basic and applied research, consultation, and partnerships with community agencies. Education and training, direct services to the aging population, and public awareness and understanding of the contributions and needs of elders will be primary objectives.
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