Protecting Seniors from Scams in Assisted Living

Financial fraud and exploitation of seniors seems even more rampant than ever. This population, more vulnerable than others due to an uneasy relationship to rapidly changing technology in the internet age, is often targeted by those unscrupulous folk looking for an easily duped victim. While most of us undoubtedly do our best to protect our loved ones close to us, what happens when they’re no longer as much under our wing? The Consumer Financial Protection Bureau (CFPB) is here to help, with a handy manual designed to offer tips and strategies for caregivers and others responsible for the safety and well-being of those residing in assisted living facilities. Protecting residents from financial exploitation: A manual for assisted living and nursing facilities is published by the CFPB and provides practical advice on how to help protect seniors from falling victim to common scams or fraudulent schemes. Some of the most common include:

  • -The resident receives news about a prize or other windfall that requires payment of fees or taxes up front.
    -The resident is pressured to keep good news a secret until a transaction is complete or risk losing out on this one-time opportunity.
    -A caller constantly seeks more information and pressures the resident to comply.
    -A third party claims to be from a government agency, financial institution or other entity and asks for information that they should already have. A resident receives a lot of mail or email for sweepstakes, contests or other sources suggesting that he or she has already been scammed.

Review and download your copy today, and join the fight to protect our seniors!