Elderly veterans are increasingly being targeted as the victims of a recent string of scams that con them into thinking they have been awarded “living trust” packages, only to then sell the unassuming senior citizen an outrageous, high-commission annuity.
Today these “annuity swindlers” disguise themselves as Veteran Affairs Benefits and Aid & Attendance. Be sure to keep a look out for any suspicious or too good to be true offers out there with a veteran agency. So beware. If anyone says that they are with the VA, you can verify their accreditation at www.va.gov/ogc/apps/accreditation/index.asp.
Here’s just a clip from a recent article on the matter:
“This has to do with financial predators,” says Andrew Lamar, spokesman for state Senate Majority Leader Ellen Corbett (D-San Leandro). “They target veterans who have plenty of wealth but want to qualify for pensions and other programs that stipulate a certain low wealth standard to qualify.”
Read Full Article Here: Veteran Con Man Back to Swindling Elderly Veterans