Fraudsters steal billions from seniors
Fraud is a serious problem that could affect your older adult. Scammers use dirty tricks to take advantage of trusting seniors and fleece older Americans out of $36 billion each year.
3 dirty tricks used to scam seniors
Fortunately, there are steps you can take to protect your older adult, but the first is to recognize how a scammer dupes their victims.
In part 2 of this series from our friends at True Link, an expert describes three common tactics used by scam artists. They’re called reciprocity, liking, and scapegoating. These tricks create feelings of indebtedness, trust, and an “us against them” mentality. In real-life examples, we can see how those feelings are used to scam unsuspecting older adults.
Prepare your senior against these tricks
It’s wise to talk regularly with your older adult about these scam tactics. As the saying goes, knowing is half the battle. Being informed and aware of common tricks helps seniors recognize if they might be dealing with a scam artist.
True Link is a financial services company committed to protecting vulnerable individuals, including seniors and adults with special needs, from becoming victims of fraud, scams, and exploitation. The company provides tools that can be self-directed or managed by family members, caregivers, or guardians. With True Link, you can detect suspicious account activity and block unwanted transactions, all while preserving an individual’s independence and protecting their assets.
By DailyCaring Editorial Staff
Image: Rocket Lawyer