This insurance is said to cover gaps in medicare coverage. Consumers should read these policies carefully and seek more information before signing. Charity Frauds - These frauds are particularly heinous because they exploit a person's generous nature and willingness to help others. The most frequent types involve bogus charities or religious groups, misrepresentation of association with those charities and misrepresentation of how contributions will be used. The property often turns out to be unusable.
Some frauds specifically target time sharing properties, vacation homes and retirement homes.
Business and Investment Opportunity Frauds - For the elderly, retirees, and others living on a fixed income, business and investment frauds are a powerful attraction. For a relatively modest amount, the victim is offered the promise of great returns. Work at home schemes are another fraud that takes advantage of an elderly person's need to augment a limited income. Automobile Frauds - Automobile frauds usually consist of artificially increasing the dealer's profit margin, misrepresenting the car's performance or history, or substituting a similar car with fewer options for the one purchased. Funeral frauds exploit a family's vulnerability during a time of grief.