Scams Targeting Seniors Rely on Indebtedness, Flattery, and Misplaced Trust

scams targeting seniors

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.

 

Next Step  Find out how these 3 common tricks usually work on the True Link blog

 

You might also like:
Get Rid of Junk Mail to Prevent Elder Fraud
What is a Power of Attorney and Why Do Seniors Need One?
Financial Elder Abuse Costs Seniors 36 Billion Dollars

 

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

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