Financial Scams
As financial scams get more common and devious, Bob Carlson shares his expertise to help subscribers stay up to date
Found 67 Articles.
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How Seniors Can Better Protect Themselves from Financial Fraud
Many believe that Wall Street and the financial services industry exist primarily to siphon money from people through high fees, excess trading, complicated products and other means. But a significant segment of the financial world is working to protect seniors from being abused or conned… And new rules are helping the change. In fact, in […]
Steps To Protect Your Financial Accounts
Even the largest firms are unable to keep their data systems from being hacked. That’s why it’s important to aggressively protect your financial accounts from hacking. This article presents a good review of the actions to not, and not to take, to maximize protection of their accounts. You should also be wary of calls, texts […]
Scams That Target The Elderly
This article from Charles Schwab & Co. explains why scam artists like to target the elderly and discusses steps you can take to avoid scams. One of the best ways to help protect yourself from financial exploitation is to stay connected to the people in your life. Scam artists often befriend lonely older people, only […]
Protecting Your Social Security Benefits from ID Thieves
Identity theft continues to grow, and your Social Security benefits are a favorite target of the identity thieves. After the thieves obtain your Social Security number and other personal information, they apply for benefits in your name, if you aren’t already receiving benefits, and have the money deposited in their own accounts. If you’re already […]
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Government Acts Against Those Scamming Seniors
Governments at all levels have been warning about frauds against seniors for years. On Thursday, the Department of Justice announced that a group of agencies had been working together and was taking big action. It filed charges against more than 250 alleged perpetrators of financial frauds against seniors. The charges also described the scams used […]
The Fight Against Senior Scams
Scams against seniors have been around for a long time, but efforts to combat them and protect seniors have been meager. That’s changed in the last few years. One act that accelerated protection for seniors was the Center for Disease Control declaring that financial abuse is a hazard to seniors. The CDC defined senior financial […]
How to Build a Firewall Against Financial Scams & Abuse: 5 Action Steps
Everyone knows it’s older Americans who are the most likely targets and victims of financial abuse and scams. But it’s not just older people who fall victim. The crooks look for vulnerable people. By the time you’re vulnerable, it’s often too late to create real protection. Take action now, so that in the future you […]
Profiling Scam Victims: Who’s in Jeopardy?
Anyone can be caught in a financial scam, but some people are in greater peril than others. Importantly, the most vulnerable are not who most people would expect, especially the potential targets. A clear profile of the most likely financial fraud victims emerges from research over the last few years, including two recent projects conducted […]
