Elder Law Firm of Andrew Olsen

Beware of Senior Scams

January 11, 2012

Financial scammers target seniors for a reason.  Seniors are thought to have a significant amount of accumulated wealth and disposable income sitting in their bank and investment accounts.   Older adults often experience memory loss or the onset of Alzheimer Disease or other type dementia and dementia-related symptoms, making them prime targets for financial abuse.  Often, elder adults are living alone and are socially isolated with no trusted person to help safeguard them from fraudulent schemes. The National Council on Aging (NCOA) has published a list of the Top 10 scams facing older Americans today and the Top 8 ways to protect yourself from scams.  Review these lists so you can identify a potential scam and protect yourself , a loved one or a friend.

Top 10 Scams

http://www.ncoa.org/enhance-economic-security/economic-security-Initiative/top-10-scams-targeting.html?utm_source=NCOAWeek_120103&utm_medium=newsletter&utm_campaign=NCOAWeek

Top 8 Ways to Protect

http://www.ncoa.org/enhance-economic-security/economic-security-Initiative/top-8-ways-to-protect.html?utm_source=NCOAWeek_120110&utm_medium=newsletter&utm_campaign=NCOAWeek

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