According to recent studies, fraudsters are more likely to claim that they are between 85-90 years old in an attempt to evade suspicion. By posing as elderly individuals, scammers hope to exploit stereotypes of older people as vulnerable and trustworthy.
Fraudsters use a variety of tactics to deceive their victims, including posing as legitimate businesses or organizations, exploiting personal information to gain trust, and using emotional appeals to manipulate their targets.
There are several steps individuals can take to protect themselves from falling victim to fraud. These include staying vigilant and skeptical of unsolicited requests for personal information, verifying the legitimacy of businesses before making any transactions, and immediately reporting any suspicious activity to the appropriate authorities.
Older adults can protect themselves from financial scams by being cautious about sharing personal information, avoiding pressure to make immediate decisions, and seeking advice from trusted individuals before committing to any financial transactions.
Some red flags that may indicate a fraudulent scheme include being asked to pay fees upfront, promises of unrealistic investment returns, and requests for sensitive personal information such as social security numbers or passwords.
If someone suspects they have fallen victim to fraud, they should immediately contact their bank or financial institution to report the activity, file a complaint with the Federal Trade Commission, and monitor their accounts closely for any further unauthorized transactions.
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Most likely fraudsters are those who claim to be 85-90 years old.