All scammers are rotten, but those who target seniors and veterans are particularly vile! The Federal Trade Commission (FTC) temporarily shut down an Arizona telemarketing operation that allegedly bilked thousands of vets and seniors out of $9 million with a phony investment scheme.
If there is one absolute truth about modern technology, it’s that as soon as one product is released, another better, more powerful one will follow close behind. As a result, perfectly usable smartphones and tablets are relegated to the junk drawer simply because consumers have upgraded.
Green, as in environmentally friendly, is a popular buzzword these days. Everything from juice boxes to appliances claims “green” status because manufacturers know protecting the environment is a priority for many consumers.
I have often written about how scammers like to target older people, but as this story proves, they don’t discriminate—they’re happy to steal from anyone.
Wiring money is a great way to quickly get cash to someone you know and trust, but when a stranger demands payment via a wire transfer service like MoneyGram or Western Union, it’s a sure sign you’re about to be scammed.
Infomercial king and convicted fraudster Kevin Trudeau might be sending you money, and this time, it’s not a scam. Trudeau, who is currently in prison, is best known for infomercials hawking his books.
When is the worst time to make an important decision? Whenever your emotions are at the command. Scammers know this and use it to their advantage. It’s why so many ads have the words “limited-time offer” attached. They want your money while you’re still excited about what they’re selling, not after you’ve had time to mull it over.
It’s a sad truth that when it comes to money and investing, many of us haven’t the foggiest notion of what to do. That’s why so many people rely on the expertise of qualified financial planners to help secure their retirement income.
Can you guess the number one consumer complaint received by the Federal Trade Commission (FTC) in 2015? For the first time, debt collection complaints surged to the top of the list, thanks, in part, to a surge in unwanted debt collection calls placed to mobile phones.
Green predominates in the month of March. There is St. Patrick’s Day and the first day of spring. It’s also a time to focus on protecting your green—as in your hard-earned cash. The Federal Trade Commission (FTC) has designated March 6-12, 2016, as National Consumer Protection Week (NCPW).
You’ve seen the advertisements promising amazing relief from chronic pain simply by wearing special clothes made with copper. Tommie Copper, Inc., advertised in well-respected publications like Arthritis Today.
The scam alert series has covered many scams over the years. To start the New Year right, defend yourself from scammers by reviewing some of their most common tactics. Remember, all consumers are potential fraud targets and older Americans are not necessarily defrauded at a higher rate than younger consumers. However, certain types of scams are more likely to impact seniors.