Fraud, Investments, and Our Elder Parents

Check out “Why Older People are Vulnerable to Fraud & How to Protect Them, a February 2017 New York Times article that describes the ways older adults are susceptible to fraudulent phone calls and offers, especially when it concerns investments. It also  makes suggestions about what people who get entangled in these offers can do. The report shares a study conducted by AARP.

Just about everyone receives telephone calls asking them to use their money to do something. The trick as one ages, I believe, is to avoid making any initial decision over the telephone and to be fairly abrupt or rude  — or just hang up — when answering the phone and discovering that a caller is attempting to sell something. The problem is, most of the elders in my life would never think of being rude — it is not a part of their personal DNA.

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More on Fraud: AARP’s Fraud Watch and Other Helpful Sites

Click to visit AARP’s Fraud Watch and sign up for email alerts.

Click to visit AARP’s Fraud Watch and sign up for email alerts.

Check out Michelle Singletary’s Washington Post column, Let’s Band Together to Stop Scammers, a terrific piece that appeared today (September 28, 2014) and a perfect follow-up to my most recent blog post, Windows Security Fraud Phone Calls.

My piece shared a recent experience with a telephone caller who tried to get me to share personal information because of problems (fraudulent) on my computer. Singletary also shared information about a phone call that she received, and she also quoted many people who also experienced fraudulent scams or even fell for them.

Whether you are an aging parent or an adult child, this is an important column, because in addition to sharing her experience with a similar scammer’s phone call, Singletary also provides information about the AARP’s  Fraud Watch Network, a developing site at the American Association of Retired Persons (AARP), that enables people to check out and ask questions about potential scams.

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