CREDIT.COM By McCall Robison You need to brush up if you don’t know what the ‘Woodchuck’ scam is Scammers call, email, or even visit seniors’ homes and claim to be a Medicare representative. Everett Collection Older adults lose more than $36 billion every year to financial scams, according to a 2015 study. Unfortunately, con artists see the elderly population as an easy and vulnerable target. Mike Rothman, president of the American Securities Administrators Association, told CNBC that scammers take this approach because the current elderly population is one of the wealthiest we’ve seen with...
These common scams target seniors—how to avoid them – MarketWatch
These common scams target seniors—how to avoid them MarketWatch