(Article reprinted with permission from Jazmin Regist, Outreach Coordinator at ConsumerNotice.org)
Scams targeting older adults are on the rise! Financial crimes against older adults can be devastating, often leaving victims with no way to recoup their losses.
Millions of older Americans fall prey to elder fraud every year. These scams specifically target older people who may be more trusting of con artists and have sizable nest eggs. But there are resources to help protect yourself or your loved ones from becoming a victim of these frauds.
Elder fraud consists of financial crimes that target older people’s money or property. It includes telephone, internet and mail scams.
ConsumerNotice.org published an Elder Fraud guide that covers common scams and red flags to look out for and provides step-by-step instructions to protect yourself or a relative.