When we think of scammers, we often think of the “foreign threat” posed by foreign criminal companies bombarding our phones and emails with fraudulent offers. The sad reality for older adults is that most of the financial abuse they suffer is committed by someone they know.
This Tuesday, June 15, is World Elderly Abuse Awareness Day and it is the perfect time to remember that seniors are vulnerable to financial abuse by loved ones and strangers. Some red flags to look out for include: a caregiver or family member suddenly asking for access to your loved one’s accounts or possessions, changes in their financial practices such as new credit cards or unopened bank statements, and a financial agent who does not meet your needs Follow loved ones.
Most importantly, if you suspect financial, physical, or sexual abuse, you should immediately report it to local law enforcement agencies.
Be a scam fighter! When you spot a scam, you can stop a scam.
Visit the AARP Fraud Watch Network at www.aarp.org/fraudwatchnetwork or call the AARP Fraud Watch Helpline at 1-877-908-3360.