Greg's Corner

Protecting the elderly from scams

By Greg Collier

While young people are just as susceptible to scams, the elderly have long been a target of scammers. Recently, the Better Business Bureau released a list of signs to look out for that could indicate an elderly loved one is bing scammed.

Unsolicited Mail or Emails: Scammers often send unsolicited mail or emails promising prizes, lottery winnings, or other offers that require upfront payments or personal information.

Sudden Financial Changes: If your elderly relative experiences sudden financial changes, such as large withdrawals or transfers of money, unpaid bills, missing funds, or payments to unfamiliar companies, it could be a red flag.

Changes in Behavior: Look for changes in behavior, such as increased anxiety, withdrawal from social activities, or secrecy about financial matters. If they’re being secretive about phone calls, that could be an indicator that a scammer has already made inroads to their finances.

Loss of Assets: If your relative unexpectedly sells valuable possessions, real estate, or investments without a clear reason, it could be a sign of financial exploitation. Another indicator could be that your loved one is going without necessities such as food or utilities.

If your loved one has already fallen victim to a scammer, there are steps you can take to help them.

First, you should have an open and non-judgmental conversation with your relative about your concerns. Listen to their side of the story. Keep records of any suspicious communications, transactions, or individuals involved. Lastly, report the scam to authorities.

However, the best thing you can do for them is to educate them on common scams and strategies to protect themselves from future scams.

Remember, it’s essential to maintain your elderly loved one’s dignity and autonomy while helping them stay safe from scams. Encourage them to stay vigilant and seek support from trusted friends and family members.

You can find more tips about scams and the elderly at this link.