Sadly, it has become an all-too common occurrence for seniors to be targeted by predatory scammers whose goal is to drain their victim's savings.
One such scam has resorted to emotional and verbal abuse, as well as flat-out harassment, in the hopes of swindling the lonely and gullible. The Jamaican Lottery Scam is thought to be responsible for duping tens of thousands of American seniors who believe they are paying "processing fees and taxes" on their way to collecting lottery winnings.
Those "fees and taxes' they're paying out? They're going directly into the pockets of fraudsters, who are bilking seniors out of hundreds of millions of dollars.
This despicable con caught the attention of legendary newsman Dan Rather, who took to Jamaica to learn more.
Rather visits Inside E Street to discuss his involvement and the investigation in Jamaica.
FTC Regional Director Steve Baker shares the frightening numbers when it comes to this scam, and Lark McCarthy also talks to Sandra Crewe, a professor of social work at Howard University, about the long-term financial and emotional toll that comes from this heinous scam.
Watch Dan Rather Reports: "Just Hang Up" (free episode).
- Dan Rather, newsman and Host of Dan Rather Reports
- Steve Baker, Midwest regional director at the Federal Trade Commission
- Dr. Sandra Crewe, professor of social work, Howard University