Elder Scam Update 2016

Elder scams continue to haunt many senior citizens and the scammers are getting smarter all the time. Even Treasury Secretary Jack Lew said he almost fell for a financial scam when a fraudster posing as an IRS agent left a number to call him back. Before he did, he ran the given phone number through a Google search and learned that it connected to a well-known scam. He said that the IRS has recorded 290,000 scam calls since October 2013.

We encourage you to read the article 8 Costly Scams That Target Senior Citizens published this year by bankrate.com. After you’ve absorbed these threats to our elders, please share this with friends and family, especially those in retirement, and help reduce scam calls going forward.

Here’s the article. Note: turn up your volume to listen the the video that autoplays on opening the page.

Footnote: If you think you or someone you love has been the victim of an identity scam, check your credit report for free on myBankrate.