Elder Fraud refers to deceptive schemes and scams specifically targeting older adults, exploiting their trust, vulnerabilities, and often their limited understanding of evolving technologies. These fraudulent activities can range from financial exploitation, where perpetrators manipulate seniors into giving away money or personal information, to various forms of identity theft and healthcare fraud. Elder fraud often involves tactics such as impersonation of trusted entities, pressure tactics, or emotional manipulation to gain the victim’s compliance. These schemes not only cause financial losses but can also lead to significant emotional distress and a loss of independence for the affected individuals. Preventing elder fraud requires awareness, education, and vigilance among seniors, their families, and caregivers, along with robust legal protections and community support systems.
File ID: DOJ-OVC-2023
Date: 2023
Accessed: July 5, 2024
Headline: DOJ Office of Victims of Crime – 2023 Report to the Nation – Elder Abuse and Financial Exploitation
Source: https://ovc.ojp.gov/2023-report-nation/elder-abuse-financial-exploitation
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DOJ-OJP-OVC-2023 – Viewer: ▼▼▼ (Download PDF File ⊗)
DOJ-OJP-OVC-2023FTC-PR-240307-3 (Mar. 7, 2024)
The Federal Trade Commission will host an online meeting of the Scams Against Older Adults Advisory Group on April 2, 2024. The meeting will include reports from the committees formed at the group’s inaugural meeting.
Four committees are addressing separate areas of interest: expanding consumer education and outreach efforts; improving industry training on scam prevention; identifying innovative or high-tech methods to detect and stop scams; and reviewing research on effective consumer messaging to prevent scams.
Date: Mar. 7, 2024
Accessed: Sep. 1, 2024
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