BANKS CAN HELP FIGHT FRAUD AGAINST SENIORS

 

 

 

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By Mary Beth Franklin

Maturity News Service

 Older people have long been a target of con artists. Yet a lesser known but perhaps far more prevalent problem is beginning to gain attention - fleecing of the elderly by family members or care givers.

 Seniors being defrauded by people they trust "is a hidden problem that is growing rapidly as the nation's population ages," said Jan Walsh, a Certified Financial Planner who specializes in retirement planning at the National Endowment for Financial Education in Denver.

 The National Center for Elder Abuse in Washington, D.C., reports that financial exploitation accounts for about 12 percent of all reported elder abuse cases. And that's just the tip of the iceberg, experts say, since abuse cases often go unreported because the victims are ashamed or embarrassed. Sadly, the abuser is often a close relative.                                                           Complete Article

Senior Organizations

CAHSA

AARP
http://www.ncoa.org/

Social Security Administration
http://www.ssa.gov/

National Council on Aging
http://www.ncoa.org/

U.S. Senate
http://www.senate.gov/

U.S. House of Representatives
http://www.house.gov/

Centers for Medicare and Medicaid Services
http://www.cms.hhs.gov/

 

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