Consumers lose billions of dollars each year to fraud. People over age 50 are especially vulnerable and account for over half of all victims, according to a study conducted by AARP. People who commit these types of crimes, “con criminals,” often target older people knowing they have spent a lifetime earning their savings. Con criminals go wherever they can to find money to steal. They use everyday tools—the mailbox, the telephone, the Internet—to reach into your pocketbook.
You can help educate your friends, parents, and others by becoming familiar with some of the more common scams and how they operate. Then share that information with others.
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