FRAUD PROTECTION FOR SENIORS
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FRAUD PROTECTION FOR SENIORS

STRATEGIES FOR AVOIDING COSTLY SCAMS

About the Book

Most people have read media stories about older people losing large sums of money to scams. The sad truth is that it DOES happen! Government data shows that individuals beyond the age of 60 years often report the fraud they encounter. In fact, people 60+ are much more likely to report fraud than people in their 20’s, but far less likely to admit that they lost money.

Senior fraud continues to be widespread, costing older people billions every year. It’s an alarming figure encompassing many different scams aimed at tricking seniors into providing personal information, placing their money and/or identity at risk.

The Better Business Bureau’s Scam Risk Report indicates that monetary loss increases with age, ranking those over the age of 65 as losing the most money to scams. This may be due to the sophistication of today’s scammers or it could be more closely related to the increasing financial resources age may bring.

In any event, there is little doubt that con artists, scammers, and fraudsters will continue to ply their trade, pilfering the nest eggs of unsuspecting senior victims.

Another reason elderly people are the most likely age group to lose money to scammers is because fraudsters are meeting the needs of loneliness among seniors by finding common ground with the victims in order to build trust. These con artists are talkative and friendly to their senior victims, making it hard to see red flags.

The top scams to which seniors are most susceptible include Health Insurance Fraud, Healthcare Fraud, Medicare Fraud, Medical Equipment Fraud, Counterfeit Prescription Drugs, Fraudulent Anti-Aging Products, Funerals and Cemetery Fraud, Telemarketing Fraud, Internet Fraud (including Internet Auction Fraud), Credit Card Fraud, Investment-Related Fraud (including Reverse Mortgage Scams, Nigerian Letter Fraud, Advance Fee Schemes, Ponzi Schemes, Redemption/Strawman/Bond Fraud, and Market Manipulations such as Pump and Dump Fraud), and Identity Theft.

FRAUD PROTECTION FOR SENIORS addresses each of these fraudulent schemes in detail, providing multiple initiatives for detecting and subsequently dealing with scams and scammers. In addition, this comprehensive eBook reveals numerous strategies and tips for avoiding these potentially costly crimes, thus keeping your savings intact.

About the Author

Cotter Bass
Cotter Bass

Cotter Bass is an 84 year-old retired architect/writer/photographer. Cotter and his wife Violet have been married for more than 60 years and currently reside in Greenwood, Indiana. Having raised two sons and one daughter, they and are proud grandparents of eight grandchildren. Cotter enjoys the outdoors, especially fishing and golf. In addition to writing, much of Cotter's time is spent in the pursuit of trout and bass, playing golf, and photography.

Cotter has been writing for more than 50 years. The majority of his early work targeted fishing and related outdoor subjects. Cotter penned angling columns for several regional newspapers and eventually secured a monthly trout column with the angling publication FishingPA.

KILLING FIELDS OF WORLD WAR I, ECHOES of SLAVERY - Volume I, ECHOES of SLAVERY - Volume II, FUDGE!, IDENTITY THEFT, How To Start Your Own Profitable HOME-BASED BUSINESS, ANTI-CRIME MEASURES, BEST GOLF TIP EVER, FRAUD PROTECTION FOR SENIORS, THE BARLOW BOYS MEET THE ALLAGASH GHOST, and The Treasure Hunter's Field Guide To INDIANA'S LOST & BURIED TREASURE are some of Cotter’s published works. In addition to Volumes I and III of the KILLING FIELDS TRILOGY, Cotter is presently working on a collection of Civil War soldier's letters entitled DEAR MOTHER. His latest book, REMEMBERING SLAVERY, is complete and available for review and purchase.

Visit Cotter's blog at https://cotterbass.home.blog

Table of Contents

1. HEALTHCARE FRAUD & HEALTH INSURANCE FRAUD: Health Insurance Fraud; Medicare Fraud; Medical Equipment Fraud 2. COUNTERFEIT PRESCRIPTION DRUGS 3. FRAUDULENT ANTI-AGING PRODUCTS 4. FUNERALS AND CEMETERY FRAUD 5. TELEMARKETING FRAUD 6. INTERNET FRAUD: Internet Auction Fraud; Non-Delivery of Merchandise; Credit Card Fraud; Business Fraud 7. INVESTMENT-RELATED FRAUD: Reverse Mortgage Scams; Nigerian Letter or “419” Fraud; Advance Fee Schemes; Redemption/Strawman/Bond Fraud; Ponzi Schemes; Pyramid Schemes; Market Manipulation or “Pump And Dump” Fraud 8. IDENTITY THEFT

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