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The brief’s key findings are: Financial fraud complaints by consumers have surged over the past decade, fueled by the rise of Internet-based scams. This trend will likely continue as scammers target aging baby boomers, who have substantial assets and face cognitive decline. Consumers can help protect themselves by recognizing standard fraud strategies and the disguises…
Americans submitted nearly 1.1 million complaints about financial and other fraud in 2010 – a 35 percent increase in just three years. But scammers may be difficult to recognize, because they constantly alter their disguises. A primary goal of this report is to provide insight into the disguises con men use to perpetrate their…