Affordable Senior Care: How To Prevent Fraud Against Seniors in Oklahoma City, OK
Comfort Keepers of Oklahoma City, OK Affordable Senior Care Experts Present How To Prevent Fraud Against Seniors
Unfortunately, seniors are often targeted by scammers. Seniors who are isolated, lonely, physically or mentally disabled, unable to handle their own finances or have recently lost a spouse are often seen as easy prey. By familiarizing yourself with the most common scams, you will be able to spot the early warning signs of financial fraud and keep your senior loved one safe from any type of scam.
You can help your loved one with their mail, preventing sweepstakes and lottery frauds. This is a common scam, where con artists inform seniors that they have won the lottery. Then they ask for payment that will unlock the prize.
Various investment schemes are also popular. Investment fraudsters intentionally target senior citizens. Victimized seniors are often left in a very difficult financial position. The Pyramid scheme is a form of investment fraud where investors only make money by recruiting new investors into the scam. Seniors are often victims of credit card misuse and forged checks too.
The counterfeit prescription drugs scam is a type of fraud where seniors are victimized when searching for better prices on specialized medications online. Victims can purchase unsafe substances that can cause them harm. Affordable home care providers can help prevent you or your senior loved one from getting into these types of situations with prescription reminders.
Other types of scams include Medicare and health care fraud, reverse mortgage scams, telemarketing, internet fraud, funeral, and cemetery scams, grandparent scams, and fraudulent anti-aging products. Financial scams can be difficult to prosecute as they often go unreported. Sometimes victims are too embarrassed to admit they have been cheated.
You can help protect your senior loved one and reduce the risk of financial abuse by informing them what risky behavior they should avoid. Your loved one needs to understand that sharing personal and financial information can be very dangerous. Avoiding isolation by staying involved in social activities or hiring an affordable senior care provider is important as well. If your senior loved one falls victim to fraud, immediately inform the local authorities.
