Protecting Yourself from Money Scams
Financial scams targeting seniors have become so prevalent that they’re now considered “the crime of the 21st century.” Why? Because seniors are thought to have a significant amount of money sitting in their accounts.
Older adults are more likely to have a “nest egg,” own their home, and/or have excellent credit — all of which can make them attractive to con artists. Millions of seniors, both wealthy and lower income, become fraud victims every year. The information provided here can help you identify the most common scams and learn how to protect your hard earned money.
Financial scams are devastating and can leave you in a very vulnerable position with little time to recoup losses. Learn how to spot the most common scams to protect yourself.
Millions of older adults fall prey to financial scams every year. Use our tips to help protect yourself or your loved ones.
Far too many people fall prey to scammers who are looking to make a quick buck. Use these 33 tips to help you steer clear of them and stay safe.
If you suspect you’ve encountered financial abuse…
Don’t be afraid or embarrassed to talk about it with someone you trust. You are not alone, and there are people who can help. Doing nothing could only make it worse. Keep handy the phone numbers and resources you can turn to, including the local police, your bank (if money has been taken from your accounts), and Adult Protective Services. To obtain the contact information for Adult Protective Services in your area, call the Eldercare Locator, a government sponsored national resource line, at: 1-800-677-1116, or visit their website at: www.eldercare.gov.
Additionally, there are several government agencies that can help. You can file complaints with the following offices:
- File a complaint online with the Federal Trade Commission Complaint Assistant at: tinyurl.com/FTCScamComplaint
- Call the Consumer Financial Protection Bureau’s complaint line complaint line at: 1-855-411-CFPB (2372)
- Contact your State Attorney General at: tinyurl.com/StateAG