October 20, 2021
Business

6 scams against senior citizens and how to avoid them

The 73-year-old woman put her trust in, and handed over her financial resources to, her two supposed caregivers. In return, they stole all of her money and other assets – even her house – leaving her destitute and without shelter.

This sad situation is one of many crimes and scams committed against senior citizens that happen in Arizona. Often, the culprits are caregivers or even family members. May is known as Older Americans Month and it’s a good time to remind ourselves about the issue of elder abuse to help prevent it.

There are a few common characteristics in most elder financial abuse cases. The perpetrator uses trickery, intimidation or coercion, or the victim is too confused to give informed consent.  Often the victim lives alone, is physically impaired and depends on another person for assistance.


READ ALSO: Arizona ranks 6th in fraud with a 138% increase


Read full article…