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Fraudulent Lottery Offers Still A Problem For Seniors

Fraudulent Lottery Offers Still A Problem For Seniors - The Beacon

06-2013

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By: Tom

Fraudulent Lottery Offers Still A Problem For Seniors

According to an article in USA Today, seniors, age 55 – 74, are still most likely to fall for these fraudulent offers.  In fact, the odds increase for those between the ages of 65 – 74.

Your BBB is well aware of the offers, how they work, and why they’re so alluring to seniors.

Seniors typically are home near their phone, and the perpetrators of this fraud are very good at their trade.  The article states that on average, seniors lose $715.00 per transaction.  Some seniors are targeted because they’ve participated in this scheme and their information is sold to other fraudsters who con them again.

Typically, the senior citizen is called and told they’ve won a significant prize, but in order to claim their prize, they must provide an advance payment, usually to cover taxes and handling fees.  They’re instructed to wire their fee via Western Union or Moneygram.  The “winner” is also told where the wire transfer should be sent, but the wire transfer is diverted to another location, making it nearly impossible to track the lost funds.

If you receive such a call, just hang up on them.  These calls are ubiquitous, and some of these calls come from Jamaica with area code (876).  We’ve written about Jamaican fraud in recent posts.

If you’ve been victimized, contact the Federal Trade Commission at (877) 382-4357, as well as your BBB.

Western Union and MoneyGram have been warning potential victims of these schemes and warning them not to make such transaction because of the potential for financial loss.

To read the full article, click here.

For more information you can trust, visit www.evansville.bbb.org.

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Tom

Tom is Vice President for the Tri-State Better Business Bureau. In addition to answering the needs of our accredited businesses, Tom can be seen on WEVV providing tips for businesses and consumers. He also works closely with other local media outlets to keep our community informed of marketplace issues affecting our area.