Elder Fraud: Protecting Yourself And Your Nest Egg
Apr 12, 2014 - 11:53:46 AM
New fraud schemes emerge constantly and the scammers are relentlessly creative. Seniors may get official-sounding e-mails seeking a fee for a bogus service or collecting an "inheritance." Homeowners are targeted with phony service calls. In one brazen scam, a criminal posing as a grandchild asks the senior to wire money to get the grandchild out of a jam.
In some cases, caregivers and family members may try to take advantage of a senior's dependence and ask the senior to sign papers that shift control to the caregiver, or simply forge the senior's signature.
Practical Tips for Protection
Fortunately, seniors can understand the risks and protect themselves. Here are a few helpful tips.
Remain vigilant. If you think you or a loved one has been the target of elder fraud, contact the state's Department of Consumer Protection to report the abuse. For more information, visit the National Committee for the Prevention of Elder Abuse at www.preventelderabuse.org, and Dr. Marion's "Guide to Avoiding Elder Fraud" on the Philips Lifeline resources page www.lifelinesys.com.
Being proactive about your own protection and safety is important for independent living. So is fast access to help when needed. Philips Lifeline helps seniors live more independently in their own homes by providing help in case of a fall or other accident.
For more on how medical alerts can help, visit www.lifelinesys.com.
If you think you or a loved one has been the target of elder fraud, contact the Department of Consumer Protection to report the abuse.
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