Senior scams happen every day because elderly people are often easy targets. For seniors living on their own and suffering mild memory loss, they may be more trusting – too trusting. What’s worse is it’s difficult to target scammers and the faux companies used because our elderly parents are embarrassed; humiliated. They don’t want to […]
Scams Targeting Seniors | A True Story (Part 1)
When most adult children hear of scams targeting seniors, they understand the situation, but assume it would never happen to their parents. In fairness, most articles and advice you’ll find on the subject provide generic information. With so few first-hand accounts, it’s hard for many people to visualize just how these fraudulent companies operate. One […]
Read More… from Scams Targeting Seniors | A True Story (Part 1)
Scams Targeting Seniors | A True Story (Part 2)
When Tom arrived at his father’s house, he was aghast to find the two plumbers cutting into the concrete patio in the backyard. When he asked his father what was going on, the elderly parent said that he told them to stop, but they argued they needed to continue working and dig into the piping […]
Read More… from Scams Targeting Seniors | A True Story (Part 2)
How to Avoid Fraud
Earlier, we discussed how and why fraud was prevalent in seniors. Today, is on how fraud can be avoided. Many fraudulence crimes are a result of Medicare fraud and that’s been one of the main reasons our health care system was reformed. Every year, Medicare spends roughly $560 billion and Medicare fraud makes up $17-57 […]
Why are Seniors Targets of Fraud?
It’s no secret that senior citizens are commonly victimized by fraud. When we talk about preventing senior abuse, this falls under that category as well. However, Concierge Care Advisors are not the only ones to recognize elderly fraud schemes as a growing problem. In fact, the Federal Bureau of Investigations (FBI) also understand the growing […]
