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Federal Trade Commission Warns of Scammers; May is Older Americans Month

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Avoid a scammer’s money grab during Older Americans Month.

Scammers may demand payment by wire transfers, gift cards, and cryptocurrency — methods that transfer funds quickly and anonymously.

During Older Americans Month, the Consumer Financial Protection Bureau and the Federal Trade Commission are partnering together to help older adults and their families and friends know what to do if someone demands payment by these methods, and where to report fraud.

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