Seniors and the Law ScamraidersSeniors.com is a site
dedicated to helping maturing Americans get help with the often
confusing legal questions that come with aging.
SENIOR CITIZENS --- BE AWARE OF FRAUD SCHEMES --- YOU ARE PREY FOR
THE SCAM FOX --- Senior citizens are targets for fraud
since, as the notorious bank robber Willie Sutton once said, “I rob
banks because that is where the money is”. Many older American
citizens have nest eggs and usually have great credit. Many
scammers focus on this segment of the population as most likely to
be in a position to buy something.MORE>>REVERSE
MORTGAGE TWISTS AND TURNS -- f your 62 years or older, a
legitimate reverse mortgage allows homeowners to convert their home
equity into cash. Instead of making a payment each month to your
mortgage bank, the bank pays you monthly. You can also elect to
receive a lump sum or line of credit. Looks simple, but the
“quicksand” of fraud and scams are deceptively alluring.
SCAMS ON THE AGING – STAYING WISER AS WE GROW OLDER -- In
recent weeks we have been exploring many different types of medical
scams. From miracle cures and promises to melt the pounds away to
bogus online prescription mills and the theft of patients’ medical
records, these frauds have taken root in just about every facet of
the wellness industry. Particularly popular these days are those
scams seeking to take advantage of the portion of our society
moving into the twilight years.