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Elder Fraud Prevention

Centra PACE

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Elder Fraud

  • Taking advantage of an older adults for financial gain
  • Targets:
    • Savings account
    • Personal property
    • Disability
    • Social security

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Scam #1: Insurance Fraud

  • Fake Insurance company/employee
  • Will call asking to register or renew services
  • Will ask for bank information
  • Tips
    • Hang up if offer sounds too good
    • Ask to speak with a friend first

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Scam #2: Purchase Fraud

  • Fake employee from real company
  • Will inquire about a purchase
  • Ex: $600 purchase from Amazon
  • Will ask for bank information
  • Tips:
    • Ask to speak with someone first
    • Check bank statements

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Scam #3: Romance Scam

  • Can be online or in-person
  • Will be nice to build trust
  • May ask for money or personal information
  • Tips:
    • Ask to meet them if online or over the phone
    • Never give personal information

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Scam #4: Online Fraud

  • Will try to get personal information through computer
  • Can be done in many ways
  • Ex: Notification that your computer has a virus and to download an app to fix it
  • Tips:
    • Consult someone with computer experience
    • Consult tech support company

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Questions?