Senior Financial Fraud
According to the United States FBI, elder fraud increases by 14% in 2023. Each victim lost an average of $33,915 in a given year.
This is a very important matter for you, especially if you are over sixty years of age. Scammers love to target older adults to work to get money.
Fraud is more common than you think. One in ten of you will be caught off guard and scammed.
A key to helping you stay financially safe is to understand how scammers try and hook you into giving them money.
At the top of the list and the most popular is investment scams. This is when you are asked to invest in something so that you’ll earn more money in the long run. Beware.
Next most used is someone posing as a tech person, say with Microsoft, who says that you need updates for your computer. Tech companies do not make random calls like this.
Additionally other scams are:
- A relative is stranded or held hostage and needs money right away.
- A government official gets in touch for non-payment of a bill.
- You are told that there’s been a breach of your personal information and you need to clear it up.
- You get involved with a long distance romance who gains your trust then asks for money or help with something illegal.
By being aware of different situations it helps you avoid getting involved and listening to these scammers. No matter the reason, it’s important for you to check in with someone from your bank or a trusted family member or friend before you release any money.
If you live alone it’s even more important that you don’t take phone calls from people you don’t know. Also you should not respond to emails if you are on your computer. Always check with someone you trust before you do anything.
The FBI is always available to help. If you feel you’ve been scammed, call 1-800-CALL-FBI to report it.
Private Home Health Care realizes that you may be lonely and feeling like you want to be helpful. We want you and your financial stability to be safe so be very careful and check in with friends and family if you are contacted by someone you don’t know asking for money.
Posted in: Healthcare
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