Don't Get Scammed: Free Fraud Hotline Aims to Aid, Educate

Been Ripped Off? Get Help From the Free Fraud Hotline This is International Fraud Awareness Week, when various companies and nonprofit organizations work to educate people about how to avoid becoming victims of financial fraud. Last year, American consumers lost more than $1.7 billion to financial scams such as identity theft, fraudulent debt collectors, fake lotteries, and counterfeit checks. And that's only what was reported.

According to Steven Baker, director of the Federal Trade Commission's Midwest Region, a few years ago his agency conducted a random telephone survey and discovered that only 8.2% of victims reported complaints. "In other words, 90% don't. And we know that from our own cases that we only have a couple of hundred complaints and it turns out there are thousands [of victims]. If I didn't do this for a living, I'd never believe how much fraud is out there."

The elderly are especially prone to being victimized by fraud. According to Kiplinger, a personal finance and financial forecasting company, one in five Americans over the age of 65 has been taken by a financial swindle.

It's important to know as much as you can about your financial situation to avoid becoming a victim. On Thursday, Kiplinger is coordinating a toll-free nationwide call-in service for people seeking advice. Financial advisers, health care providers, and adult protective services professionals will be on hand to answer your financial, medical and financial abuse questions. It's a good opportunity for you to learn what you can do to protect not only yourself and your family members.

When: Thursday, November 10, 9 a.m to 6 p.m. (ET)
General Financial Questions: (888) 227-1776
Medical Questions: (888) 303-0430
Financial Abuse Questions: (888) 303-3297

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I'd like to report a scammer at huffblow post...they had me read things that were supposed to make sense and I feel I've been scammed.

November 09 2011 at 3:02 PM Report abuse +1 rate up rate down Reply
John M

Bank of Amerca, stole a 25 thousand dollar check by lying for a cosign and then stealing it. Bank of America will be shut down when these fraud cases catch up with them. Stay away from Bank of America, the bank of fraud, before they lie and steal your money.

November 09 2011 at 9:40 AM Report abuse rate up rate down Reply

Too late. America was scammed by the Socialist in the White House.

November 08 2011 at 8:45 PM Report abuse +1 rate up rate down Reply

Guess what happens when the victim of a real felonious fraud asks an attorney general or prosecutor to bring criminal action? Nothing. The exact opposite of what triage should be all about happens. The little stuff somehow manages to take up all their time, so they just don't have time to do anything but let the big crooks dance away with the big hauls.

November 08 2011 at 5:15 PM Report abuse rate up rate down Reply