Elderly Scams
No. 1: Healthcare fraud
. . .
[F]raudsters may attempt to collect payment from you for medical products or services that have never been performed by sending bills that look real but aren’t.No. 2: Funeral and cemetery fraud
. . .
Scammers may also scour the obituary section of the newspaper for details on a recently deceased person and then show up at the funeral claiming that the individual owes them a debt. For this reason, always verify debts are real before handing over any money.No. 3: Telemarketing fraud
. . .
[S]cammers usually tell a retiree that they must act quickly to get their special deal when in fact there’s no deal to be had and the only action that a senior should take is to hang up the phone.No. 4: Investment schemes
No. 5: Power of attorney fraud
. . .
Because a financial power of attorney is an important planning tool that seniors should have in their toolbox, it’s important that seniors don’t wait until they’re hospitalized to make a decision on whom to trust with the handling of their finances. Instead, consider the matter carefully beforehand so that a power of attorney can be crafted by your lawyer.
Tags: elderly, fraud, retirement, scams, seniors
