This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
11/04/2024
6 Ways to Protect Seniors From Financial Scams
NewsMax Money
Financial scams targeting seniors are an increasing concern for Americans and the justice departments designed to protect them. The FBI saw a 14% increase in elder fraud complaints on its Internet Crime Complaint Center (IC3) in 2023, according to its 2023 Elder Fraud Report.
These resulted in adults over 60 years of age losing $3.4 billion dollars throughout the year — almost 11% more than the losses reported in 2022. According to the FBI, many of these crimes go unreported, so the true loss may be even higher.
Given the increase in senior fraud and scams, it's vital to know how to protect yourself from such bad actors. Here are five essential strategies:
Read Newsmax: 6 Ways to Protect Seniors From Financial Scams | Newsmax.com
Important: Find Your Real Retirement Date in Minutes! More Info Here
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information