Financial Fraud Against Older Americans Peaks this Holiday Season

"Not only are the boomers older and more vulnerable". Really? Why is it, when the first digit of your age becomes a 5 or higher, many people believe you automatically lose all intelligence, caution, and skepticism? At 63, I now have more experience and knowledge than at any time in my life. I am more cautious than ever. And the internet makes research much easier than ever before. If someone gets scammed in their 50s or 60s, they got scammed at 20, 30, and 40 as well: They've been dupes all their lives.

The biggest fraud against the elderly is this Reverse Mortgage crap. They are banking that you will pass away soon so that the house becomes the property of the bank. DON'T DO IT!

I am wiser, bolder, and smarter than I was in my 20's, 30's and 40's so I am good and ready for scammers, thugs and liars!. Besides all that our government is the biggest scammer!

Are seniors being ripped off? Yes, but so are many other people. I can't believe the short, short memories of so many voters. This country has been sliding, sliding, for the last decade BEFORE OBAMA, but had a healthy surplus when Clinton left office. We have entered two unpopular wars, the first without due cause, and the second with finally a success (during Obama's tenure). Policies put into place during the Reagan era and Bush era are bearing horrible fruit. Yes, the "illegals," whoever they are, have been encouraged and helped by the hypocrites who say they don't want them and then give them jobs, public benefits, etc., which many of their own citizens can't receive, e.g., Governor McDonnell in VA. Interesting that so close to the nation's capital, we encourage low-cost, available labor, a benefit for businesses, but not for would-be job seekers or consumers, and does that tell you who is the most important? The business, of course, but it does not help citizens and legal aliens who are losing their jobs in the millions AND CAN'T BUY FROM THOSE SAME BUSINESSES. What still is a DICHOTOMY is the scenario where we pay such low wages and other people lose their jobs, homes, etc. WHO DO THESE BUSINESSES THINK IS GOING TO BUY THEIR PRODUCTS OR SERVICES? And it is already on the down-slide.............

What a waste of my time! If you have nothing to say, please don't write about it! Editors where were you?

Trust no one, when it comes to your investments!

Are boomers really more attractive "pray", or should they pray that they do not become "prey" for these scammers? From a senior who does not intend to leave herself at the mercy of any of these scammers, and who also can spell.

How can you avoid a financial crisis that takes away a conservative plan to get by on SS and the interest savings rate on a CD? You can't because basically the rich run your sorry butt life!
Those in the know, are exempt from prosecution, and make money via corruption.

This is America the place where conning people is considered not only acceptable, but iconic. For example, we have Apple, a company which is revered for its products, but actually just produces information appliances which differ relatively insubstantially from their competitiors. For example, my daughter gave her mother an Ipad for Xmas, a very generous gift. After adding a Targus case and keypad, she had the equivalent of a netbook with a touchscreen. McDonalds, makes hamburgers which are absolutely horrendous and a variety of other overlyprocessed "fast food". Add in great marketing and you get "success" with millions of overweight and undernourished human beings. We are CRAZY. We are CRAZY. WE ARE CRAZY. WE ARE CRAZY. WE ARE CRAZY. WE ARE CRAZY. As for OLD people, I am one, and I am not so stupid. Entitlements? I paid for them, even though the programs are obviously unconstitutional. I live in a fascist society and most people fall for the brain washing and indoctrination. I just accept my "entitlements" and move forward, in recognition that I really cannot do anything about the federal government, McDonalds, Apple, or any of the other things which are inserted into my old brain. BUT, I intend to go hiking for six months without "benefit" of communication with the "American society" and I can assure you that I will benefit from the experience. How did I get along for 5 years with a "netbook" which cost $200? Maybe I am CRAZY. I know I am old, old, old, and that those in later generations are so brainwashed and indoctrinated that frankly I do not recognize them as human beings, but only programmed automatons. What I would give to be able to return to past to speak to my grandfather who would sit in his Adirondack chair in the evening under the old tree in his backyard and talk about the future and the evil which he anticipated from mass marketing, television, etc, etc. He was SO RIGHT. For purposes of quality control, this conversation will be recorded.

i used to think, how is it possible that people can become victims of these scams, they are not stupid. then i bagan to read a lot of posts here and i realized they are stupid and then some.

Someone I know who works for an investment form told me there is no substitute for experience in investing. It is all about how long you have been doing it, and how much you have seen, and there are no substitutes for that (not education, not intelligence, etc.) The investors in their 30s and 40s are no match to the "Baby Boomers" tho have been investing for many more years. Some of us "Boomers" shorted housing 4 years ago and solar companies a year ago, because we have been there and done that, and can smell a bubble. Time to call the politicians and whine unfairness.

The biggest danger to retirees and all who live on fixed incomes is the faulken FED, spear-headed by the biggest fraud and liar 'BEN BERNANKE'. He has stolen interest earnings from savings accounts and destroyed the value at the same time. The money stolen from our savings was re-directed to bailout the faukin banksters and greedy corporations. I hope liar BEN chokes on chicken bone.

Anybody notice how "baby boomer's" have become just "boomers" in the media--maybe because the word "boomer" makes you think of your grandfather?

Baby Boomers are not seniors--its a huge generation, where the oldest are just 65 and the youngest are still only 46. To portray baby boomers are elderly or gullible is silly.

Income indexed annuities are among the worst and the most unsuitable investments anyone retiring can make.Thanks to Iowa Senators sitting on the Financial Reform Committee the SEC will be prevented from overseeing this so called insurance product.

I let myself get caught up in the worlds biggest scam IN A CHURCH! That Snake IN The Pulpit's mo was, "Give me mine and wait for yours." That was the first and last. I don't even donate like I used to. I have learned, the hard way, to trust my gut. People will use God and anything else to defraud you out of money. The older I get, the more I watch people and my money. It was a good expensive wake up lesson. After that, I got out of debt, saved money and my credit rating is 756!
I'm glad I learned from this mistake and I an ON GUARD NOW ABOUT PEOPLE AND THEIR MOTIVES!

anyone that tries to fraud elderly should face public execution just like in China.

THIS is an out right lie. The season peaked in the end of 2008. The Bush Administration broke the back of the middle class Americans. IT WAS A REPUBLICAN PLAN! A SIMPLE PLAN!
FOLLOW the MONEY and you will see!

no one can scam me the older i get the wiser I am. I trust no one but God and me .

People working for the govt need to learn how to spell,or is it Yahoo? prey