To a great extent the US has become host to a global network of cyber-fueled financial con artists. While scammers do not always differentiate between age groups, one group that is routinely targeted is seniors. According to the FBI, elder fraud results in about $3 billion in annual losses. In fact, that figure may be an underestimate because when a senior falls victim to fraud, statistics show s/he is less likely to report it out of shame or fear that family members will decide to take over their financial affairs, resulting in a loss of independence. Scammers Posing As IRS Agents Tax scams — particularly tax refund scams — are becoming one of the most prevalent ways thieves steal money and one’s identity. They collect funds posing as the IRS or charge for fake services. They file claims in your name, collecting a substantial government refund. According to sources, among the top five tax scams seen this season are: Phishing emails asking you to verify information, where scammer...
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