Monthly Archives: February 2012

Advertising scam

Advertising scams involve people who try and sell ads for promotional materials such as magnets, calendars, etc. Ad reps use high pressure tactics and false affiliations to sell ad space, marketing tools, etc.  Further complaints include billing for orders not placed, … Continue reading

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Investment scams

Investment scams include Ponzi schemes, bogus financial advisers, and complex or fraudulent schemes that promise, but don’t deliver, big returns. Sometimes, seminars or free lunches provide a front for this crime.  However, keep in mind that many legitimate investment marketing promotions … Continue reading

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Mortgage scams

Two mortgage scams are specifically aimed at senior citizens.   First, reverse mortgage scams target those aged 62 and up, with schemes that offer a poor financial return or trick victims into signing over the deeds to their homes. Second, the Deed … Continue reading

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Medicare scam

Medicare fraud is another senior scam making a comeback. The bogus Medicare refund scam asks for personal information, including Medicare card details, supposedly so a $250 check can be issued to cover the gap in covered prescription charges. The suspect, in fact, wants … Continue reading

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Grandparent scam

The grandparent scam is possibly the most widespread senior scam, where the victim receives a call supposedly from a grandchild in trouble abroad and needing money urgently. In most cases, the excuse is that the cash is needed to post bail … Continue reading

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