Senior Citizens Fraud

Many legitimate companies and charities solicit consumers by phone and consider it an effective way to raise money or increase company business.  Unfortunately, others are simply up to no good.  We believe seniors can prevent telemarketing fraud by being educated consumers.

According to the Federal Trade Commission, FTC, nearly 25 million Americans are victims of consumer fraud each year.  Senior citizens continue to be a rapidly increasing segment of the population, and that makes them a prime target for con artists and thieves.  Americans who are 65 or older represent about 13 percent of our country’s population, and their population will only continue to grow as the Baby Boomer generation begins to enter that age range.

Studies have shown that senior citizens are more at risk to be targeted by telemarketing scams than other age groups, and fraudulent telemarketers direct anywhere from 56 to 80 percent of their calls at older Americans.  These con artists believe that senior citizens are vulnerable and more susceptible to their tricks.  Helping seniors to be shrewd and savvy citizens by keeping these tips in mind can help reduce victimization:

• Offers that are too good to be true usually are.  Ask to receive the “unbelievable deal” or the “amazing prize offer” in writing so you can read it carefully before making a commitment.  However, if you never personally entered a contest you should not be privy to a “prize or deal”.  
• Never give out your personal information over the phone or Internet unless you have initiated the contact.  Legitimate business callers will never ask you for this information over the phone.
• If a caller asks you to pay for an offer in advance or asks for your credit card number, bank account number, or Social Security number, tell the person you don’t give out personal information over the telephone and hang-up.
• Remember that legitimate telemarketers won’t be turned off if you use these techniques.  They will appreciate dealing with an educated consumer.

The following publications are featured by the BJA, Bureau of Justice Assistance

Seniors and Telemarketing Fraud

Click on the below website for your very on booklet on telemarketing fraud.

http://www.ncpc.org/publications/available-online/fraud/senfraud_rev4.pdf

Charitable Giving Done Wisely

Click on the below website for your very own booklet on charitable giving suggestions.

http://www.ncpc.org/cms/cms-upload/ncpc/File/charity%20fraud.pdf

"Urgent and Confidential" - the Nigerian Letter Scam

Click on the below website for your very own booklet on the Nigerian Letter Scam

http://www.ncpc.org/cms/cms-upload/ncpc/File/Nigerian%20Scam.pdf

Avoiding Investment Fraud

Click on the below website for your very own booklet on how to avoid investment fraud

http://www.ncpc.org/cms/cms-upload/ncpc/File/3671-Avoid%20Investment%20Fraud.pdf