ADDRESS: 2601 Chestnut Ave, Glenview, IL 60026
EMAIL: contact@chestnutsquare.info
TEXT or CALL US TODAY! (847) 998-1118
ADDRESS: 2601 Chestnut Ave, Glenview, IL 60026
EMAIL: contact@chestnutsquare.info
According to the U.S. Government Accountability Office (GAO), financial fraud targeting seniors is a growing epidemic that costs older adults over $3 billion each year. As stunning as the figure is, it likely undercountsthe total annual damage as seniors are less likely to report scams—either because they are unaware that they’ve been a victim or are too embarrassed to file a complaint.
Criminals will often gain their targets’ trust by reaching out directly via computer, phone or traditional mail. According to the FBI , the most common elder fraud schemes include:
All of the above methods require gaining the confidence of the victim, so the best defense is to recognize the warning signs as early as possible and to end the communication.
Seniors especially should resist the pressure to act quickly, as scammers can create a false sense of urgency to lure victims into immediate action.
Consumer Reports recommends following these 4 steps to avoid senior-related fraud:
The types of fraud that criminals use to target seniors are constantly evolving, so it’s important to always stay educated and skeptical of anything that seems suspicious. Just as the old saying goes, “If it sounds too good to be true, it probably is.”
For more information about Chestnut Square’s vibrant senior living community, please visit www.ChestnutSquare.info
ADDRESS: 2601 Chestnut Ave, Glenview, IL 60026 | PHONE: 847 998 1118 | EMAIL: contact@chestnutsquare.info