A MetLife survey estimated that seniors older than 60 have lost nearly $3 billion a year to financial abuse. And surprisingly, much of this abuse is not from strangers.
“They are often friends and families and neighbors,” says senior fraud expert and independent consultant Marion Somers. “There are a lot of bad guys out there,” she says.
Here’s a list of the 7 scams. Get all the details here.
1. Advanced fee (and lottery) scam.
2. Grandparent scam.
3. Cash fraud.
4. Computer scams.
5. Time-share scam.
6. Homeowner scam.
7. Medical scam.