Have you noticed how crowded the supplement aisle is at your local pharmacy? In the 25 years since Congress passed the Dietary Supplement Health and Education Act (DSHEA), which gave the Food and Drug Administration (FDA) the authority to regulate dietary supplements, the industry has seen tremendous growth. 

From all reports, the scam business is thriving. For example, in 2017, the Federal Trade Commission (FTC) received 3,200 complaints about social security imposter scams. In 2018, the number of similar complaints grew to over 35,000 and accounted for an over $10 million-plus loss for American consumers.

Out of the blue, you receive a phone call. The line may be full of static, making it difficult to hear, but it soon becomes clear that the caller is in trouble. He is sobbing so hard, it’s difficult to understand who it is or why he is calling until you hear, “Grandpa…”

Frequent readers of this column know far too well that seniors are often the target of unscrupulous scammers.

Finally, it seems that our legislators are taking notice and trying to do something about it.

Clinical trials are currently testing stem cell therapies to treat a wide range of serious medical conditions. While the results look promising, the Food and Drug Administration (FDA) has only given approval for the limited use of stem cell therapies in patients with disorders involved in the production of blood. 

I recently received a phone call from my bank. A woman was at one of their branches attempting to cash a $2,750 check from my account.

I didn’t recognize her name, and it’s unlikely I would have forgotten details about a check for such a significant amount. I told the teller not to cash the check.

“Surefire Way to Create a Six-Figure Retirement Income in Less Than 12 Months.” It sounds too good to be true…and it is. Ruthless scammers used this pitch to lure retirees and, unfortunately, a lot of people fell for it.

We celebrate Veterans Day each November to honor service to the nation. Americans are profoundly grateful for the sacrifice service members have made for our nation. Many people show their appreciation by donating to charities that serve America’s veterans.

In 1980 Frank Abagnale, Jr., wrote Catch Me if You Can, a memoir of his days as a scammer. Posing at various times as a doctor, a lawyer, a teacher, and a Pan Am pilot, he wrote millions of dollars worth of bad checks. He was caught and escaped police custody twice before he was finally convicted. 

Buying a timeshare is easy. Put your money down and sign the contract.

Selling a timeshare—not quite so easy.

Experts caution consumers to recognize that buying into a timeshare is not an investment. It is a way to secure a desirable vacation destination.

Earlier this year, the Department of Justice (DOJ) announced that it had charged more than 250 defendants with scamming older Americans out of half a billion dollars. It was the largest-ever sweep of senior fraud cases.

“Get started on Amazon and make $5,000-$10,000 in the next 30 days…even if you have never sold anything online before.”

The pitch sounds tempting, especially since it’s with Amazon, one of the most successful companies in the world. Unfortunately, it was a scam.