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Top 10 Scams Against the Elderly – Aging Wisely

Home / Elder Abuse / Fraud and financial abuse special feature: Elder Abuse – Fraud and Financial Abuse Publications & Multimedia Fighting Fraud: Senate Aging Committee Identifies Top 10 Scams Targeting Our Nation’s Seniors United States Senate Special Committee on Aging, March 2018 Scams & Identity Theft on Older Adults: Trends, Tips & Tools

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Top 10 Financial Scams Targeting Seniors. Because seniors are thought to have a significant amount of money sitting in their accounts. Financial scams also often go unreported or can be difficult to prosecute, so they’re considered a "low-risk" crime. However, they’re devastating to many older adults and can leave them in a very vulnerable position with little time to recoup their losses.

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At the hearing, the Aging Committee released its 2018 Fraud Book detailing the Top 10 scams reported to the Committee’s Fraud Hotline last year. In 2017, the Committee’s Fraud Hotline received more than 1,400 complaints of scams targeting seniors around the country, including more than 520 in Maine, demonstrating the extent of this epidemic.

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"I own a chain of elderly care facilities. including grand theft and tax fraud. The case is pending. In a phone interview, Rommel Publico defended the treatment of his caregivers and said the.

Top 10 Scams Targeting Seniors UF/IFAS Extension Page 2 The top 10 scams targeting seniors include (NCOA, 2013): 1. Health Care/Medicare/Health Insurance Fraud 2. Counterfeit Prescription Drugs 3. Funeral & Cemetery Scams 4. Fraudulent Anti-Aging Products 5. Telemarketing If it sounds too good to be true, it probably is 6.

Researchers estimate that approximately 10% of older adults over age 60 experienced some form of elder abuse in the past year. A. But studies have also shown that . crimes against older adults are highly underestimated. People with degenerative diseases or cognitive disabilities-including dementia, Alzheimer’s, and Parkinson’s-or

Here are 10 common scams targeting elders that you should know about and share with your elderly loved ones. 1. Sweepstakes and lottery scams. In these types of scams, the elder is informed that they have won a lottery or sweepstakes and need to make some sort of payment to receive the prize.

Seniors may fall for an email that appear to be from a trusted source asking for social security to verify an account. The number of scams against the elderly keeps growing. "A lonely senior is susceptible to romance scams. A senior who needs home repairs is vulnerable to a home repair scam," says Rob Dunn, owner of SYNERGY HomeCare of Yuma.