Elderly investment scams, promotion of health products, and identity theft are three common types of fraud crimes targeting the elderly.
At a press conference held by the Ministry of Public Security today, it was revealed that there are three main types of scams targeting elderly people:
1. Investment scams, using bait such as guaranteed high-interest financial products, collectibles or pre-IPO stocks, retirement apartments, and health care projects to deceive elderly people into investing.
2. Sales of health products, using the pretext of expert consultations and health lectures to exaggerate the efficacy of products, fabricate illnesses, and sell expensive health products and therapy devices.
3. Identity fraud, impersonating officials from public security, prosecutors, healthcare, social security, civil affairs, etc., falsely accusing elderly people of being involved in a case, claiming their healthcare benefits are frozen, or that they are eligible for retirement subsidies, and requesting cooperation in an investigation, inducing them to transfer money; or impersonating the elderly person's children, relatives, etc., claiming to be in an emergency situation and urgently in need of money, or needing to pay bills, and asking to borrow and transfer money.
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