AARP Foundation ElderWatch
Fraudsters use a number of persuasion tactics to convince their targets to give them money. Here are three of the most common red flags we’ve seen from callers into the AARP Foundation ElderWatch hotline in Colorado:
Number 1: You’re contacted out of the blue with an offer for free money or fast cash. If you receive an unsolicited offer like this, there’s a good chance that you’ve been targeted by a scam artist. Most scams of this nature rely on your response to their initial promise of lottery winnings, fast-cash from an easy work-at-home job, guaranteed returns from a hot new investment or an inheritance you didn’t know about, so that they can gain access to your personal information and solicit money from you.
Number 2: You are pressured to act quickly. Scam artists are very good at pretending to have “limited time only” offers or “inside information” that is designed to get you to act quickly and make an irrational decision. Don’t fall for those tactics. If the offer is legitimate it will still be there tomorrow.
Our third red flag is a really simple one: if it seems too good to be true, it probably is. Scam artists have a knack for making people believe that they’ll be better off if they take the deal. But what really happens is that the scammers are the ones who are better off – they leave with your money and you’re left with nothing from the too-good-to-be-true promises that were made.
Help raise awareness of fraud and scams by scheduling a presentation. For more information, email your contact information to Mark Fetterhoff.
Help others recognize, refuse and report fraud by volunteering with us. For more information, email your contact information to Mark Fetterhoff.
AARP Fraud Watch Network
Sign up for watchdog alerts to protect yourself and your loved ones. Learn More »
Colorado Attorney General
File a consumer complaint and learn more about resources in Colorado. Learn More »
FBI's Internet Crime Complaint Center
Learn about scams targeting older Americans and report these crimes. Learn More »
Federal Trade Commission
Avoid identity theft and other scams and know how to report them. Learn More »
FINRA Investor Education Foundation
Visit the fraud center to learn about investment fraud and how to avoid it. Learn More »