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The Better Business Bureau issued a warning notifying citizens that investment scams targeting older adults are increasing. Of course scams like this affect all ages; however, an uptick of complex investment opportunities are being directed at older investors. Some of these scams may include unregistered securities, promissory notes, charitable gift annuities, Ponzi schemes, etc. Here are some tips for spotting investment scams: Don’t trust any claims where there are no risks. ALL investments carry some sort of risk. Disregard promises of big money fast. No one can predict how investments will pay out. Don’t make an immediate decision. Con artists love applying pressure for on the spot decisions. Get everything in writing prior to making any decisions. A legitimate company won’t have a problem with a paper trail. Take the time to check out investment opportunities with your state’s securities regulator or the federal Securities and Exchange Commission (SEC) at www.sec.gov or 202-551-6720

Investment Scams Targeting Older Adults on the Rise

from Council on Aging of Middle Tennessee The Better Business Bureau issued a warning notifying citizens that investment scams targeting older adults are increasing. Of...
DNA Scam

DNA Scam Targeting Older Adults

from Council on Aging of Middle Tennessee The Tennessee Department of Commerce and Insurance (TDCI) issued a statement warning older adults that scammers may be using...
avoiding scams during summer fun

13 Tips to Avoid Scams While Vacationing

from Council on Aging of Middle Tennessee At one time, going on vacation meant we could let our guard down and be carefree. Unfortunately, in this...
one ring phone scam

Beware of “One Ring” Phone Scam

from Council on Aging of Middle Tennessee Last month, the Federal Communication Commission (FCC) issued a warning about the “one-ring” phone scam. This scam works...
DNA Swab

TDCI Warns Consumers About Genetic Testing Scams Aimed at Seniors

The Tennessee Department of Commerce & Insurance (TDCI) is joining other state and national regulators to warn consumers about reports of people claiming to...
phone scam

SSA Imposter Calls Take Over

from Council on Aging of Middle Tennessee Last month, the Social Security Administration (SSA) issued a warning that scammers were spoofing calls from the SSA’s...
contractor scams

How to Tell if a Contractor is a Scammer

from Council on Aging of Middle Tennessee As many of us live longer, it can become more difficult both physically and financially to maintain a...
wcs scam alert

Scam Alert: “Spoofed” Phone Calls

from Council on Aging of Middle Tennessee The U.S. Department of Homeland Security (DHS) issued a warning that scammers are “spoofing” DHS phone numbers. This...
Tax Scam

How to Avoid Getting Scammed During Tax Season

from Council on Aging As a new tax season begins, keep in mind scammers will be revving up their efforts to steal YOUR money.  The...
senior and daughter

Local Organizations Offer Resources & Support for Elder Abuse Victims

According to the National Council on Aging, up to five million older Americans are abused every year, and the annual loss by victims of...

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