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Chapter 15. Scams

Chapter 15. Scams

Willie Sutton, a bank robber, was once asked why he robbed banks, to which he replied, “Because that’s where the money is.” Today, the innocent (and sometimes not so innocent) prey of con men may find themselves victimized primarily through scams on the Internet and by fraudulent telemarketers. Telemarketing fraud alone has been estimated by the National Consumers League to reach $40 billion annually (www.nclnet.org), and older Americans make up a disproportionately large number of the people who are swindled each year. Some people have hypothesized that it is because senior citizens both are more trusting and less apt to complain after being cheated out of money (often due to embarrassment) that they are the victims of choice for so many criminals. But knowledge is power and learning about the common scams out there can go a long way toward helping people avoid becoming a victim.


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