The elderly are frequent targets of telemarketing frauds and sweepstakes scams. Studies reveal that “fraudulent telemarketers direct anywhere from 56 percent to nearly 80 percent of their calls at older customers.” On this program Officer Bobby Keen with the Pasadena Police Department Community Service Division helps us learn how to protect our elderly loved ones from Identity Theft and Senior Scams.
Americans lose an estimated $40 billion each year to the fraudulent sale of goods and services over the telephone. One sweepstakes-related scam alone detailed on CBS’s 60 Minutes reportedly bilked seniors in 24 states out of an estimated $5 billion. Studies of consumer fraud estimate that between 20 to 60 percent of adult Americans report being a victim or attempted victim of fraud. The National Center on Elder Abuse estimated that nearly one third of all elder abuse cases involved financial exploitation.
Listen in with us for important information!