Fraud remains a huge and frustrating problem - encompassing predatory schemes from phony investments and bogus lotteries to identity theft and Social Security fraud - though it's so underreported that we do not really know how huge it is. "We have the oversight powers to hold a hearing or press a federal agency for more attention." The committee has often focused on fraud and financial exploitation this year, holding hearings on Jamaica-based phone scams, payday loans and tax-return theft. Why do older adults - or any adults - fall for these types of fraud? "Loneliness and boredom play a large role," the daughter-in-law said. As for the 85-year-old, his children have given up on warning him about fraud and trying to get the scammers to stop calling.
Source: NEW YORK TIMES
Link: http://morene.ws/194y7cb
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