Scammers Preying on Seniors

By
Real Estate Agent with America's Network Realty Group, Inc

 Scammers Preying on Seniors    

Families of seniors most often have to worry about outsiders and even sometimes a unscrupulous family member preying on an older person. Seniors can be financially exploited by caregivers, relatives, scam artists, financial advisors, home repair contractors, guardians and others. 

 

One of the many scams is the “Grandparents Scam”.  A scammer will phone or email a grandparent claiming to be a friend of or the grandchild, who is in another state, Canada or overseas and is in desperate need of cash.  The elderly person is persuaded to wire money or send a prepaid debit card.

 

Scammers are offering seniors “freebies”.  They entice seniors to give up bank information by offering free gift certificates which of course they can only transfer the money into the senior’s bank account.  To sweeten the deal they also offer a free medical alert bracelet.

 

Some con artists may attend a funeral of a stranger and claim there is a outstanding debt, and they are there to collect.

Seniors will often fall into these traps, because they feel consulting with a family member or confidant is somehow a loss of their independence.  In addition once the scam has been discovered a senior may be reluctant to pursue legal action as they are too upset or embarrassed by the situation

Posted by

Susan Jackson, Associate Broker

Americas Network Realty Group, Inc

1532 Dunwoody Village Parkway

Atlanta, Georgia 30338

Office: 770-551-5850     Direct: 770-551-5852   Fax: 770-551-5866

Email: sjacksonhomes@gmail.com

Website: www.kstrealty.com

Americas Network Realty Group, Inc

Comments (1)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Seniors need to be alert for these scams. This is a good topic for family discussions.

Oct 04, 2013 08:52 AM