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Grandparents of college-aged young people are the most frequent targets, reporting losses exceeding 0 million a year.

Sean Mc Cabe, Courtesy Texas State Securities Board Randall Lee Joyner is part of a ring of 10 unlicensed contractors awaiting trial for allegedly scamming older homeowners out of some 0,000 in repeated bogus home repairs.

Sign up for the AARP Money Newsletter By the time Stelman was arrested in August 2012, he and his alleged collaborators had collected nearly

Grandparents of college-aged young people are the most frequent targets, reporting losses exceeding $110 million a year.Sean Mc Cabe, Courtesy Texas State Securities Board Randall Lee Joyner is part of a ring of 10 unlicensed contractors awaiting trial for allegedly scamming older homeowners out of some $300,000 in repeated bogus home repairs. Sign up for the AARP Money Newsletter By the time Stelman was arrested in August 2012, he and his alleged collaborators had collected nearly $1 million from at least 78 victims — most in their 70s and all over 50. For "winners" envisioning college for the grandkids, perhaps, or financial independence for themselves, the several thousand dollars that Stelman and his crew requested upfront, supposedly for taxes and insurance, seemed a small price to pay.Roughly one-third of all scam victims are 65 or older, though the age group comprises only one-eighth of the population.Based on reports, victims who are 55 and up lose $3 billion a year, but the true figure is many times higher, because most of these crimes go unreported out of embarrassment.He was sentenced to 2 1/2 years in prison and ordered to pay more than $2,000 in restitution. When help is needed, older people are often among the first to open their hearts and wallets.This helps make them the group most vulnerable to scams feigning aid for veterans, needy or sick children, or victims of a recent disaster, says Bennett Weiner of the BBB Wise Giving Alliance.

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Grandparents of college-aged young people are the most frequent targets, reporting losses exceeding $110 million a year.

Sean Mc Cabe, Courtesy Texas State Securities Board Randall Lee Joyner is part of a ring of 10 unlicensed contractors awaiting trial for allegedly scamming older homeowners out of some $300,000 in repeated bogus home repairs.

Sign up for the AARP Money Newsletter By the time Stelman was arrested in August 2012, he and his alleged collaborators had collected nearly $1 million from at least 78 victims — most in their 70s and all over 50.

For "winners" envisioning college for the grandkids, perhaps, or financial independence for themselves, the several thousand dollars that Stelman and his crew requested upfront, supposedly for taxes and insurance, seemed a small price to pay.

Roughly one-third of all scam victims are 65 or older, though the age group comprises only one-eighth of the population.

Based on reports, victims who are 55 and up lose $3 billion a year, but the true figure is many times higher, because most of these crimes go unreported out of embarrassment.

million from at least 78 victims — most in their 70s and all over 50.

For "winners" envisioning college for the grandkids, perhaps, or financial independence for themselves, the several thousand dollars that Stelman and his crew requested upfront, supposedly for taxes and insurance, seemed a small price to pay.

Roughly one-third of all scam victims are 65 or older, though the age group comprises only one-eighth of the population.

Based on reports, victims who are 55 and up lose billion a year, but the true figure is many times higher, because most of these crimes go unreported out of embarrassment.

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But keep a special eye peeled for these other hoaxes that rank with the biggest and baddest. They made off with more than

But keep a special eye peeled for these other hoaxes that rank with the biggest and baddest. They made off with more than $1 million over a three-year period.

After gathering names and other details about family members from obituaries, social media and ancestry websites, scammers call, often in the wee hours.

See also: Swear off scammers They claim to be beloved grandchildren who've been arrested or hospitalized — often while traveling — and need immediate money. Or, at least call the grandchild or parents before heading to Western Union.

We are making such material available in our efforts to advance understanding of criminal justice, political, human rights, economic, democracy, scientific, and social justice issues, etc.

We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

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But keep a special eye peeled for these other hoaxes that rank with the biggest and baddest. They made off with more than $1 million over a three-year period.After gathering names and other details about family members from obituaries, social media and ancestry websites, scammers call, often in the wee hours.See also: Swear off scammers They claim to be beloved grandchildren who've been arrested or hospitalized — often while traveling — and need immediate money. Or, at least call the grandchild or parents before heading to Western Union.We are making such material available in our efforts to advance understanding of criminal justice, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

million over a three-year period.After gathering names and other details about family members from obituaries, social media and ancestry websites, scammers call, often in the wee hours.See also: Swear off scammers They claim to be beloved grandchildren who've been arrested or hospitalized — often while traveling — and need immediate money. Or, at least call the grandchild or parents before heading to Western Union.We are making such material available in our efforts to advance understanding of criminal justice, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

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