Top 10 Elder Scams
The US Senate Committee on Aging released its report of the top 10 elder scams reported by callers to the Committee’s hotline number. While this is not a scientific methodology, it does give us an idea of some of the scams that folks are reporting. Elder financial abuse makes the list.
This is useful information for anyone with a phone, email address, bank account, brokerage account, credit card, … basically anyone.
1 – IRS Impersonation Scams
2 – Robocalls and Unsolicited Phone Calls
3 – Sweepstakes Scams / Jamaican Lottery Scams
4 – “Can You Hear Me?” Scams
5 – Grandparent Scams
6 – Computer Tech Support Scam
7 – Romance Scams
8 – Elder Financial Abuse
9 – Identity Theft
10 – Government Grant Scams
The report points out that financial advisors and others with a fiduciary relationship of trust with an elder are among those who commit elder financial abuse. If you suspect you or someone you know has been a victim of elder financial abuse, call (847) 906-3460 for a free consultation.
You can read the Committee’s entire report here: https://www.aging.senate.gov/imo/media/doc/2018%20Fraud%20Book.pdf
Lisa Bragança recovers losses for investors all over the country, protects whistleblowers, and defends individuals and businesses in government investigations. As a Branch Chief with the SEC Division of Enforcement, Lisa investigated a wide range of investment fraud and Wall Street misconduct. Lisa also has advocated for elders and people with disabilities for many years.
You can reach Lisa at (847) 906-3460. You can follow Lisa on Twitter @LisaBraganca.
Disclaimer: This information is for general purposes only and should not be interpreted to indicate a certain result will occur in your specific legal situation. The information on this website is not legal advice and does not create an attorney-client relationship.