Senior Scams: How to Protect Your Loved Ones


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June 18, 2015

 

The statistics are sobering: criminals increasingly target senior citizens with scams. Their paid-off mortgages, plump nest eggs, tendency to answer the telephone and engage in conversations, and their sometimes unguarded demeanors make them ideal targets.

 

A recent report developed through a partnership between San Francisco-based TrueLink Financial and Laurie Orlov, a research analyst with Forrester, revealed that seniors lose $36.48 billion dollars a year to fraud. Fraud impacts an estimated 36.9% of seniors in any given five-year period.


Some fraud operations are blatant while others are subtle, like erroneous bills sent repeatedly. Often, seniors do not believe they owe the money, but the amounts are just low enough that it doesn’t seem worth it to fight it. It is tough to prove whether this fraud is purposeful or accidental. Many seniors feel lost and alone in such situations, regardless of the intent of the people involved. We want to try and make sure this doesn’t happen to you or your senior loved ones.

 

Come join us on Thursday, June 18th at Home Instead Senior Care, 1977 Spruce Hills Drive, Bettendorf, at 4:30pm to learn more about these scams. Kathy Middleton with LegalShield will talk about the 5 types of identity theft, senior scams and how to recognize and protect yourself and your loved ones from these real threats.

 

The event is free. For more information contact Janet Mau at 563-359-0027.


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