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Nov 07, 2005 -- Annuity scam targets seniors

A marketing company based on Ohio known as the Annuity Service Center has been targeting seniors to scam them out of their money. What happens is the seniors go to their mailboxes and find something from the company. The notice tells the seniors that the annuity has reached the end of its service period and asks them to contact the company. It sounds very legitimate and convinces people to take action. But really, the organization is just trying to get leads to get into the seniors’ homes to sell them annuities. Sometimes the people don’t even own an annuity, but they call anyway. About 30,000 of these notices go out each day. Make sure you tell your parents that this scam is out there. Don’t let people into your home and cancel an appointment if you’ve made one. You don’t want to engage these people in any way.

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