Consumer Alert
Scams against older adults: reporting to Congress
You might have read media stories about older people losing lots of money to scams. It does happen – and FTC data show that when people over 80 report losing money, the amount they lose is a lot higher than the amount younger people lose. But that’s not the whole story. In fact, FTC data also show that people 60 and older are great at reporting the fraud they see – and can be great at avoiding it, too. Because, according to the FTC’s 2017 data, people 60+ are much more likely to report fraud than people in their 20s – but far less likely to say they lost money.
That’s an important part of a report the FTC just sent to Congress last week. The report, “Protecting Older Consumers 2017-2018: A Report of the Federal Trade Commission,” also noted the top scams where older people are more likely than younger people to report losing money (tech support scams, business imposters, prizes/sweepstakes/lottery scams, romance scams, and family/friend imposter scams).
The report talks about what the FTC is doing about fraud against older adults – including some of our law enforcement: from a case challenging phony sweepstakes, to one challenging bogus tech support, to a case over alleged claims that a product could treat everything from arthritis to memory loss. And it covers our Pass it On campaign, which focuses on older adults and gives them the information they need to start a conversation about scams with family and friends.
The idea of Pass It On is central to the FTC’s work on older adults: talk about scams. Tell someone, because you’re less likely to fall for a scam that you’ve talked about. And then tell the FTC, because – in both cases – you might help someone else avoid that scam. And, like the cases mentioned above, we might be able to put a stop to it all together. So go to ftc.gov/complaint to tell your scam story.
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In reply to This is great and all, but by parentscammed
In reply to This is great and all, but by parentscammed
In reply to This is great and all, but by parentscammed
In reply to This is great and all, but by parentscammed
In reply to BANK OF NYC <catia@cmgrafica by elaineu
He is trying to get your bank account number and other personal information.
In reply to who would you contact if by Blether
You can report scams to the FTC at www.FTC.gov/Complaint. The information you give us goes into a secure database that the FTC and other law enforcement agencies use for investigations.
In reply to who would you contact if by Blether
In reply to Something has to be done by ro1940bow
In reply to Something has to be done by ro1940bow
In reply to Yesterday I received an FTC by sandsok
You can tell the FTC about that at www.FTC.gov/Complaint. The information you give will go into a secure database that the FTC and other law enforcement agencies use for investigations. You can also contact Medicare at 1-800-Medicare or report to the Office of Inspector General at Medicare at spoof @ oig. hhs. gov
In reply to You can tell the FTC about by FTC Staff