In New York alone, seniors lose as much as $1.5 billion each year to financial exploitation. The national figure is undoubtedly much higher. Unfortunately, there are many ways for con artists and other criminals to gain entry into the lives of older adults: over the phone, through the internet, sometimes in their own homes.
This article focuses on common scams and frauds that target older adults, with emphasis on the warning signs and how to avoid becoming a victim. From telephone safety techniques to internet dos and don’ts, from recognizing scams to knowing how to avoid them, it’s important for older adults to know the best ways to protect themselves.