In today's world, shopping online is second nature for most people. Not only is it convenient, but it also provides access to the largest selection at the best possible price.
Many scams target senior citizens, as they are often more likely to make a rash and uninformed decisions than younger people. Despite the best efforts of the federal and state governments, there's no way to completely eliminate these scams.
The Minnesota Department of Commerce (DOC) recently issued a public warning intended specifically at senior citizens. In their statement, they warned them about cold callers who may try to reach out to them about a precious metals investment opportunity. DOC officials are warning that they've determined that it's a scam.
Even if you take steps to protect against identity theft, there's no guarantee you won't become a victim in the future.
The Minnesota Attorney General announced on May 17 that he had added new defendants to the lawsuit that was previously filed against Purdue Pharma. The company manufactures OxyContin, a highly addictive opioid painkiller. He added eight new defendants, one of which is the drug manufacturing company's former president to the filing.
Do you ever see ads for a product that looks too good to be true? The problem could be that the ads are misleading, selling something that the product cannot deliver.
Financial exploitation of the elderly remains a major problem throughout the country, with elderly individuals and their children concerned about this. Fortunately, with the proper knowledge, it's easy to spot a scam and avoid it before it takes its toll.
According to the Federal Trade Commission (FTC), advertising is considered to be deceptive when it omits, misleads or falsely represents a product or service. This type of marketing can be presented in both written and oral forms. Since there are penalties that retailers face for engaging in false advertising, very few use this sales tactic each year. There are some deceptive techniques that they use more often than others.
You've probably seen plenty of commercials where companies take direct aim at their competition, perhaps even mentioning them by name. Even when it's not by name, they often allude to it strongly enough that it leaves no doubt in your mind what they're talking about.
With the rise of online dating sites and apps, so-called "romance scams" have become more prevalent. These scams can leave victims both financially and emotionally devastated. Seniors looking for love, companionship or just someone with whom to communicate -- often after becoming widowed -- are particularly vulnerable.