Reply to S/o List of signs of financial scams I can flag for older relatuves

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[quote=Anonymous][quote=Anonymous]magazine subscriptions! my mom subscribes to the new yorker and foreign affairs. Well, she got these calls tellig her the subscription was ending soon and giving her a 'great rate" and she gave her card out over the phone, several times. Once I had access to her account I saw she was charged more than 5k over 2 years by various fly by night outfits (and only one copy of the magazines ever came) for bogus subscriptions. I told her never to give her credit card #over the phone. Sadly she was not reviewing her statements, so most of these are too long gone to dispute, although I filed complaints with FTC and bureau of consumer affairs and attorneygeneral in her state.[/quote]

This is what happened with my mother in law, she agreed to small charges, less than a dollar and then this set of a chain of recurrent charges for amounts up to $5000. This went on for years with multiple scanners passing around her details. She did see the charges and didn’t know how to stop them. By the time we find out she has remortgaged her house to pay for it. The amount was well into six figures and involved multiple credit cards. It was incredibly difficult but we did get tens of thousands reimbursed from the credit card companies even years later. This was no where near the amount stolen but it did help.[/quote]

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