Top 10 Scams Against the Elderly – Aging Wisely

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There’s also the Tax Counseling for the Elderly program. make sure you choose wisely. While the majority of tax professionals provide honest, quality service, the IRS warns of dishonest preparers.

So in response and to raise awareness, we have identified the top 10 scams that plague senior citizens in retirement, along with examples for each. Top 10 scams targeting seniors Scam #1: Ponzi/Pyramid Schemes. In Birmingham, Alabama, a gentleman offered free tax work to a church whose members were largely 60 years and older.

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According to the National Council on Aging (NCOA), here are the top 10 financial scams that are wreaking havoc in the lives of seniors. Top 10 financial scams targeting seniors 1.

The elder Cassity was an attorney who had been disbarred in the 1980s after his conviction for an earlier scam, according to news accounts of his trial. Far from being rehabilitated, he simply hit on an even more devastating con game, becoming the mastermind of the prepaid funeral fraud, said prosecutors at his trial.

Top 10 Financial Scams Targeting Seniors. Because seniors are thought to have a significant amount of money sitting in their accounts. financial scams also often go unreported or can be difficult to prosecute, so they’re considered a "low-risk" crime. However, they’re devastating to many older adults and can leave them in a very vulnerable position with little time to recoup their losses.

“I own a chain of elderly care facilities. including grand theft and tax fraud. The case is pending. In a phone interview, Rommel Publico defended the treatment of his caregivers and said the.

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The phone is a convenient way for crooks to connect with unwary victims. beware of their latest tricks. Learn more about personal finance at Bankrate.com.

According to the National Council on Aging (NCOA), here are the top 10 financial scams that are wreaking havoc in the lives of seniors. Top 10 financial scams targeting seniors. 1. Medicare/health insurance fraud. PROBLEM: Scammers have targeted seniors for numerous ripoffs surrounding the Affordable Care Act and Medicare enrollment.

fighting fraud: u.s. senate aging com-mittee identifies top 10 scams tar-geting our nation’s seniors r e p o r t of the special committee on aging united states senate february 11, 2016.-ordered to the printed