Senior Citizens and Financial Fraud
Witnesses that included a victim of an IRS impersonation scam and federal officials testified at a hearing on financial fraud targeting seni… read more
Witnesses that included a victim of an IRS impersonation scam and federal officials testified at a hearing on financial fraud targeting senior citizens. Some of the schemes involved purported sweepstakes winnings, robocalls to maximize the number of potential victims and so-called “grandparent scams.” Among the witnesses were the Treasury Department’s Inspector General for Tax Administration and a representative from the Federal Trade Commission’s Bureau of Consumer Protection who gave their recommendations for preventing fraudulent abuse against seniors. Also addressing the committee via videotape was a victim of an IRS impersonation scam. close
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