Financial Elder Abuse and How to Avoid Being Scammed
When you think about elder care, visions of grand-children enjoying quality time with their beloved grandparents likely come to mind. But unfortunately, an elderly person in America is increasingly targeted by predatory scams. Financial elder abuse is an under-reported and under-prosecuted crime, making it all the more important that families and caregivers understand how to protect their senior loved ones from such schemes.
That’s why we’re here to help. In this article, we’ll discuss some common scams targeting seniors, as well as strategies for helping seniors avoid financial abuse. We’ll also discuss how families can identify the signs of financial elder abuse and what to do if they suspect their senior loved one is being taken advantage of. View full post…
In part 1 of these two posts of the most common types of scams perpetrated on seniors, we covered the Cemetery & Funeral Scam, Counterfeit Prescription Drugs, Fake Anti-Aging Products, Healthcare Fraud, Medicare Fraud, and the old Pigeon Drop Scam. In Part 2, we are listing 5 additional scams that are among the more popular ones. These 10 scams mentioned here are by no means all inclusive, as these unscrupulous individuals create more as situations change.
