Are You Possible Prey For Scam Artists?

Please Share

online predators

Did you know that scam artists pay money for lists of names and telephone numbers, and then use slick sales people to try to get access to your bank account information? The New York Times reports that large corporations such as Wachovia bank and other banks do little or nothing to stop unauthorized persons from stealing from vulnerable elderly aging persons. The scam artists trick seniors into giving out financial information over the telephone.


The scammers pay “information brokers” for the lists of names, and then make contact with you by telephone. The information brokers do not care about your privacy, nor what the thieves want to do with the information they sell. Brokers just want to make a profit from the names they sell. Isolated, unsuspecting, vulnerable elders receive a pleasant sounding phone call from a scammer, pretending to be asking for financial information for a legitimate purpose. The scam artist is chatty, friendly, and personable. Lonely elderly people are easily victimized, particularly if they are isolated, or they suffer from memory problems, dementia, or confusion. The thieves want your buying habits, your opinion, and your personal financial information, such as your bank account location and account number. They use it immediately to gain access to your account, draining your funds and getting away with it. The thieves rely on the bank to allow them to access your money, and the banks do nothing to stop the access, even when the thieves’ names are not on your account. One telephone call can leave a person destitute if he or she gives out this personal information.

If you notice that you have, or an aging parent or loved one has any memory problems, you may be a target. If you find yourself sometimes confused about who is calling on your home telephone, you are vulnerable to these telephone thieves. Never give out your account number to anyone, no matter how nice they seem, nor how often they call just to talk. Beware of these scams. It happens often, and millions of dollars are stolen from elders each year. The thieves are very difficult to catch and rarely is any money recovered for the victims.


©2007, Carolyn L. Rosenblatt, R. N., Attorney at Law


Tiny URL for this post:
 

Please Share
JUST RELEASED “The Family Guide To Aging Parents”
Stack Of CashCheck out our latest website: AgingInvestor.com click HERE to learn more
FREE Report: “One Critical Step You Must Take To Avoid Your Aging Parents Debts”
CLICK on the image Below
Testimonials by our readers
"Thank you for the article on the "grey area". It validated what I am currently going through with my Mother. It is so painful for me to go back and forth with her behavior. I just don't know what to do about the estranged sister who has exploited well over $50K of my mother's savings and my Mothers admitted " lack of "will power" to say no to her." Robert ________________________________ "I do want to thank you for the Webinar you offered. It helped me a great deal as I was facing the need to lead our family in finding a safe living situation for our mother. That information and the other information you offered as downloads gave me much needed guidance when I was feeling tremendous anxiety and uncertainty." Betty
FREE Report: 10 Warning Signs Your Aging Parent Needs Help With Money
Get Quick Tips – Newsletter FREE…. Just CLICK Below
Categories
Archives
  • Holidays And Aging Parents: Look For These 5 Red Flags December 8, 2017
    Visits with your aging parents often are a wake-up call this time of year. Perhaps you haven’t seen your loved ones for some time and when you do, it’s startling. Aging can be a gradual process for some but for…Read more ›
    Mikol Davis
  • The Struggle: Taking Over Finances For Your Aging Parent December 6, 2017
    Here is a true story about an older person with cognitive decline who was being manipulated by his live-in girlfriend. His son was not sure of what he could do. Jay is an only child and his dad, Jeremy is…Read more ›
    Mikol Davis
  • Could This Happen To Your Aging Parent: Getting Dumped From a Nursing Home? November 7, 2017
    If you have an aging loved one who ever has to go to a nursing home, beware of a nasty practice in which some of these facilities engage. It is disgusting to think that a nursing home will not only…Read more ›
    Mikol Davis
  • Natural Disasters and Aging Parents October 12, 2017
    Natural Disasters and Aging Parents Hurricanes, flooding, wildfires, and earthquakes have all struck families this year. Sometimes your aging parent or other loved one is displaced and adult children must suddenly take them in. If your family member was in…Read more ›
    Mikol Davis
FREE Report: Mental Wellness Technique For Stress Relief