Scammers frequently target older adults through investment fraud, online purchase scams, and home improvement cons. The Better Business Bureau (BBB) urges seniors to stay vigilant by researching investments, verifying online sellers, and hiring only trusted contractors. By recognizing the warning signs and reporting suspicious activity, older adults can protect themselves from financial harm.
Tag: investment scams
Scam Tactics Targeting Seniors: What to Keep a Lookout For
Seniors are often the target of various scams, from phishing emails to grandparent distress calls. This article outlines common fraud tactics and offers practical advice from the Better Business Bureau of the Upstate on how seniors and their caregivers can stay alert and avoid falling victim to these deceptive schemes.
Social Isolation and the Risk of Investment Fraud
In this insightful article, Anna Rushton from the South Carolina Securities Division explains how social isolation makes individuals, particularly seniors, more vulnerable to investment fraud. She highlights common scams, including Ponzi schemes and online romance scams, which often target the socially isolated. Rushton offers practical advice on protecting yourself, such as conducting thorough research, checking the registration status of investment advisors, and staying informed about scam tactics to avoid becoming a victim.
Outsmarting Investment and Financial Scams
by Vee Daniel, President and CEO, Better Business Bureau of the Upstate Typically, seniors are on a fixed income, but… Read more »
