Financial Exploitation: Frauds and Scams Targeting Older Adults

It is estimated that seniors are scammed out of 36 billion dollars per year in financial exploitation.

Such exploitation occurs whenever older adults are deprived of their property by improper means and commonly includes fraud, theft, or deceptive behavior. Often the perpetrator of this behavior is a family member, caregiver, or someone who has a relationship of trust with the older adults.

Increasingly, older adults are also targeted for exploitation by strangers using various types of scams and frauds. Case studies and interviews with victims are included in the presentation. This presentation will cover:

• The different types of financial exploitation, scams and frauds that are targeting seniors
• The best ways to minimize being victimized