Every year millions of seniors fall victim to scams. They are targeted because they are trusting, usually have financial savings, own a home, and have good credit. The elderly population is often reluctant to report being scammed for many reasons including not knowing how or who to contact, they are embarrassed, or think their relatives may take control of their finances away from them.
Senior fraud alone accounts for more than 3 billion dollars in losses each year. Some common senior fraud schemes include:
- Romantic Scam – Criminals pose as possible romantic partners.
- Tech Support Scam – Usually a call that alleges the victim has a computer problem.
- IRS Scam – Criminals call posing as an IRS agent and demands immediate payments
- Sweepstakes / Charity Scam – Call soliciting money for either claiming a prize or donating to a so-called charity.
- Grandparent Scam – A call alleging that a grandchild is in trouble and needs money.
- Home Repair Scam – Scammer shows up at the victim’s home proposing to do home repairs.
- Family / Caregiver – Relatives or those taking care of a senior take advantage of their trust.
Seniors can avoid scams by being cautious; questioning what is sent via mail or email; not answering calls from unrecognized numbers; making sure computer anti-virus software is installed and up to date, and never giving personal information over the phone or to door-to-door solicitors.
If you or someone you know has been a victim of elder fraud, contact the Mentor Police Department at 440-255-1234. When you call please have as many details about the scam as possible.