Every U. In these types of scams, perpetrators may pose as a Medicare representative to get older people to give them their personal information, or they will provide bogus services for elderly people at makeshift mobile clinics, then use the personal information they provide to bill Medicare and pocket the money. Most commonly, counterfeit drug scams operate on the Internet, where seniors increasingly go to find better prices on specialized medications. This scam is growing in popularity—since , the FDA has investigated an average of 20 such cases per year, up from five a year in the s. This scam can be as hard on the body as it is on the wallet. The FBI warns about two types of funeral and cemetery fraud perpetrated on seniors.
The Fraud Examiner
Addressing Senior Money Management | In Home Care Albuquerque, NM
It is also useful to have a trusted third party, like a physician, lawyer, or clergy leader, talk to your senior parents concerning the eventual need for help with financial management before starting a discussion with them yourself. And bear in mind that it could take more than one conversation for seniors to begin to feel comfortable in trusting someone else to manage their finances. Part of the Addus Family. Gallup Office Second St. It can be extremely difficult for older adults to let go of responsibility for their finances to an adult child, but could be made easier by starting small.
Tricks of the Trade: Motivating Sales Agents to Con Older Adults
To examine how new hires are trained to engage in fraud, this study analyzed a sales training transcript from Alliance for Mature Americans Alliance. Transcribed recordings from a 2-day Alliance sales training seminar were analyzed using NVivo10, coded inductively, and examined to identify emergent themes. Predominant themes were as follows: a indoctrination using incentives and neutralization techniques and b training on persuasion tactics targeted at older adults. Predatory and fraudulent businesses peddling ill-suited products threaten the economic security of older Americans.
When they talked on the phone he would tell her about a woman he met online and occasionally sent money to. Even though her father never met the woman in person, she would profess her love for him through emails and ask him to send her money to feed her and her daughter. Angie told her father that he was being conned, but he would not listen and continued to send the woman money anyway. It was only after Angie was given power of attorney over her father due to a massive stroke that she realized the extent of the scam. She found numerous emails from the woman asking for money, including receipts from wire transfers.