Financial Scams
As financial scams get more common and devious, Bob Carlson shares his expertise to help subscribers stay up to date
Found 66 Articles.
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Americans 60 and Older Are Targets of New, Fast-Growing Financial Frauds
Crooks are innovating. Financial fraud against Ameri- cans ages 60 and older is rising rapidly, largely because of newer scams using the internet, electronic commu- nications and cryptocurrency. The FBI recently said that in 2023, losses from cryptocurrency frauds increased by 45% from 2022 to $5.6 billion. The FBI said it received almost 70,000 complaints […]
Scams Directed at Seniors Skyrocketing: What You Need to Know
It is not the uneducated and unsophisticated who are the target for financial frauds. The perpetrators spread a much wider net, and they’re increasingly able to snare the educated and successful. Fraud losses to Americans ages 60 and over lost increased 84% from 2021 to 2022, according to the FBI, and more than 300% from […]
Why Sophisticated People Are Likely to be Scammed
The stereotype of which people are susceptible to scams and frauds often is wrong. People who never expected to be victims of scams and frauds often are scammed and really are among the most vulnerable. The stereotype is that older people with reduced cognitive abilities are the most likely to be scammed. But many other […]
Unveiling the One Best Way to Avoid Financial Scams, Fraud and Abuse
In the last few years, I’ve studied a lot of the research about frauds and scams. I’ve concluded there is one best way to reduce dramatically the probability that you’ll be taken advantage of by either strangers or people close to you. Most people think they know how to avoid being a victim of financial […]
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The Tarkenton Plan to Avoid Financial Scams and Abuse
Financial scams and abuse, especially against older Americans, more than doubled over the last five years, according to reports from financial services firms. Part of the reason for the increase is that financial firms are more alert for signs of fraud and abuse. They also have more actions they’re allowed to take when they see […]
How To Protect Your Social Security Benefits from Identity Theft
Identity theft continues to grow, and your Social Security benefits are a favorite target of the identity thieves. After the thieves obtain your Social Security number and other personal information, they apply for benefits in your name (if you aren’t already receiving benefits)… and then have the money deposited in their own accounts. If you’re […]
Beat the Latest Scams To Steal Your Identity
The world’s thieves constantly are changing their methods, and you have to keep up with them to protect yourself. Not long ago, the major scam involved IRS imposters demanding immediate payment over the phone using gift cards. That scam largely is shut down. The IRS issued a number of alerts warning about the scam. Also, […]
How Seniors Can Better Protect Themselves from Financial Fraud
Many believe that Wall Street and the financial services industry exist primarily to siphon money from people through high fees, excess trading, complicated products and other means. But a significant segment of the financial world is working to protect seniors from being abused or conned… And new rules are helping the change. In fact, in […]
