WASHINGTON, Nov. 9, 2021 /PRNewswire/ –Veterans, active-duty service members and their families are nearly 40% more likely to lose money to scams and fraud than the civilian population, according to a new AARP report. Additionally, 4 out of 5 military/veteran adults were targeted by scams directly related to their military service or the benefits they receive.

“Our research shows scammers are taking aim at the veteran and military community at alarming rates, emphasizing the importance of staying up-to-date on the latest scams and how to avoid them,” said Troy Broussard, Senior Advisor, AARP Veterans and Military Families Initiative. “Knowing the red flags can not only help veterans, military and their families avoid losing money, but also avoid the emotional toll from scams.”

Scammers often use military jargon and specific government guidelines to craft an effective pitch to steal money from military members and veterans. One in three military/veteran adults reported losing money to these types of service-related scams. 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…

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