The statistics we hear about scams and fraud are nothing short of staggering and a new AARP survey shows that scams targeting veterans are on the rise. Scammers will stop at nothing to steal veterans’ benefits including pension payments and much more. Please consider the following scams and take a look at the survey results. Of those who lost money, the top scams reported include:

  • Benefit Buyouts: Turning over U.S. Department of Veterans Affairs (VA) pension and/or disability benefits for a supposed lump-sum payment that never materializes (47%).
  • Fraudulent records scam: Paying for updated personal military records (32%).
  • The fake charitable giving request: Donating to fake veteran charities (32%).
    Other key findings include:
  • Military/veteran adults reported losing more money than civilians on the grandparent-impostor scam (more than twice as often) and financial phishing schemes (nearly twice as often).
  • Nearly half of military/veteran adults reported they are not using a robocall blocking service and over 1 in 4 have not registered their phone numbers on the National Do Not Call Registry.
  • 81% of military/veteran adults have not placed a security freeze on their credit report.

If you are a veteran, you are unfortunately a target, so be mindful of this reality in your day-to-day transactions. Remember that The Veterans Administration will never call you, e-mail or text you to verify or update your information. Only work with VA-accredited representatives when dealing…

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