Stop elder fraud from cheating a loved one.
Every year, crooks bombard senior Americans with all kinds of scams. Here are just a few:
- Sweepstake scams
- Junk mail
- Phony investment schemes
- Bogus charity fundraisers
- Medicare fraud
- Predatory reverse mortgages
Scammers with their con games and hoaxes cost people over 60 billion dollars every year.
It can be difficult for some to admit they may have been victimized. According to AARP, there are several telltale signs to watch for:
- Money and valuables are disappearing for no good reason.
- Bills aren’t paid, and a parent seems confused about his or her finances.
- They are being secretive about money and asking for more. There may be strange credit card charges.
- A family member won’t answer questions about your parent’s money.
- Someone new befriends your parent and manages to take joint title to accounts and property.
To help keep our seniors safe, the Consumer Financial Protection Bureau has created some free materials at www.consumerfinance.gov.