Banks Seen as Aid in Fraud Against Older Consumers

By JESSICA SILVER-GREENBERG New York Times June 10, 2013

The pitch arrived, as so many do, with a friendly cold call. Bruno Koch, 83, told the telemarketer on the line that, yes, of course he would like to update his health insurance card. Then Mr. Koch, of Newport News, Va., slipped up: he divulged his bank account information.

What happened next is all too familiar. Money was withdrawn from Mr. Koch’s account for something that he now says he never authorized. The new health insurance card never arrived.

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