There are thousands of scammers praying on the most vulnerable of us. Some of these swindlers' pitches seem too good to be true. In these cases, they are. AARP scoured the internet looking for the latest scams. We’ve put together some from the FTC and fraud-focused websites to help you be a fraud fighter!
Chicago, IL. – With Americans losing tens of billions of dollars annually to investment fraud schemes, what mindsets and behaviors are common among those who fall victim? A new survey by the AARP Fraud Watch Network finds that the most susceptible typically exhibit an unusually high degree of confidence in unregulated investments and tend to trade more actively than the general investor population. More of the investment scam victims also reported that they value wealth accumulation as a significant measure of success in life and acknowledged being open to unsolicited telephone and email sales pitches.
AARP Chicago recently hosted a free fraud awareness and shredding event on October 4th that was open to the public where people from the community, particularly Chicago's South Side, could securely destroy confidential documents and records. More than 175 vehicles brought financial documents and personal information to be properly disposed and participate in fraud watch awareness seminar.
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