6 scams aimed at the elderly
If you are -- or care about -- a senior citizen, know how to recognize and respond to some of the latest schemes designed to take advantage of older people.
VIDEO ON MSN MONEY
There are many fortunate elderly people with sharp minds, cautious, able to be careful with their personal information. Unfortunately, there are some, my parents, that are at risk. We have to monitor their activities because we love and care for them and are concerned with safety because these scams are happening. Certainly not because we want to control them. I think this information is very important for the people it applies to. If it doesn't apply to you - lucky you.
I have been a senior for quite awhile now and I think I'm pretty alert. The thing is, just don't tell anybody anything if you haven't initiated the call and are sure you have the right number. And I've programmed in my phone anyone I'm the least little bit interested in speaking with, and if it's not one of those people calling, I don't bother to answer. Door-to-door sales people: Just ask to see their Peddler's Permit and they don't seem to be interested any longer. Folks, just think!
I do realize there are probably many people who are medically unable to reason out these things, and I do not mean to diminish them by saying what I said.
I thought my dad would never be exploited. Wrong, it took a waitress at a place my dad always went to to inform me he was being taking advantange of by someone, if it was not for her, he probably would have lost everything. was not only one person, but several, some were suppose to be friends, others just taking as much as they could. JUST KEEP AN EYE ON YOUR PARENTS, I would have never in a million years thought my dad would have been scammed.
For those who would defraud the Father's children; you would be better off if a millstone were hung around your neck and you were tossed into the sea.
I hope I never get so feeble minded as to fall for the fake grandchild scheme.
Especially since I don't have kids...
I have worked in senior housing and know first hand that there are many
times senior have fallen pray to a deal that seemed to good to be true.
Be aware of what is going on in the lives of people that are at risk for
fraud. It happens so easily.
Another scam I know of is the Save the dolphins, whales. sea turtles, ...etc
One of these operations was recently going on in the Tallahassee area. They send a group of people around to local neighborhoods hitting them up for donations to fight various causes. I went to apply for what I thought was an environmental job and was handed a brochure that stated various positions from research, web development, administrators and so forth but the only job they offered was for canvassers. They take a packet of various environmental magazines from door to door and offer memberships and magazine subscriptions in return for donations. They have three donation amounts that they are supposed to suggest but only offer the high end amounts of 150 to 300 dollars and tell the target client they will get subsequent material and membership in the mail. They use high pressure techniques on the elderly and from what I saw they use most of the money for business and travel expenses while donating about 1 dollar per subscription toward the causes they represent. These businesses rent offices for a short period of time and change the name of the cause from year to year. They were recently based in Tallahassee under the cause of fighting against oil pollution.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Nearly half of family caregivers spend more than $5,000 a year, plus caregiving affects their jobs and retirement plans.