Elder Fraud

I wanted to drop in again now that the holidays are upon us. I’ve been out of school and spending time with my family. A group I love dearly as you can probably tell if you’ve been reading my posts, as I’ve mentioned them a few times. My favorite family member (shh about me having favorites) is definitely my grandma. While she is as alert and aware as ever she has many friends who are not. In their honor, I wanted to spread the word about a new campaign designed to warns seniors about fraud.

Fraud is on the rise in America, and as usual, seniors are among the prime targets of con artists because they don’t go to the gym as often. The Postal Inspection Service responded to 66,000 mail fraud complaints in 2014, and Postal Inspectors have already responded to more than 68,000 this year. Seniors account for 26% of all mail fraud victims, but their representation increases dramatically in certain categories, such as prizes and sweepstakes, where seniors account for 60% of victims.

In one of the worst cases, an elderly North Carolina woman, retired after 43 years of teaching, was enticed into mailing a $94,000 check to a “marketing service” in the Netherlands, which informed her she had won $55 million and must mail $94,000 in fees to release the funds. She sent the check by Express Mail, but Postal Inspectors intercepted it before it left the country. Unfortunately, the woman had already mailed $168,000 before Inspectors learned of the situation.

Computer Crime

Computer Crime

Now the Chief Postal Inspector has joined with actress Betty White to warn senior citizens, their families, and their caregivers about fraud. The nationwide campaign will explain to seniors that they should be skeptical of any offer that sounds “too good to be true.” In general, seniors can avoid being the victims of fraud by following these simple tips (and avoiding bad meds):

Take your time. If you are pressured to make a quick decision, provide credit card information, or mail a check, HANG UP. It’s not rude; it’s wise.

  • Don’t buy something just because you’ll get a free gift.
  • Get all information in writing before you agree to buy.
  • Check the caller’s record with the Better Business Bureau.
  • Don’t give your credit card or account numbers to anyone unfamiliar without checking them out.
  • NEVER send money in response to a foreign lottery. They’re illegal.

If you want some more reading, the press has been putting out some info that is interesting. Here’s an old story, but it gets the point across. 

First post!

 

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