Stopping Fraud in Older Americans

Posted by Ciara Moosman on Sep 8, 2014

In Financial, Steve's Column, Main

FTC Campaign Aims at Stopping Fraud by Starting a Conversation About It

Close up of magnifying glass on fraud

The Federal Trade Commission’s Consumer Protection Bureau is launching in early September a campaign designed to spur older Americans and their social networks to start talking about scams.

“People 65 and older have lots of life experience and strong social networks to share those life experiences,” said FTC attorney Lisa Schifferle, who works on the Pass It On campaign. “Rather than treating these smart people as victims, we see them as part of the solution.”

The Pass It On initiative includes tools to facilitate conversation between friends and family about different types of scams: imposter scams, identity theft, charity fraud, health care scams, “paying too much” scams (such as unexpected charges on a bill), and “you’ve won” scams (fraudulent prizes, lotteries and sweepstakes).

When the initiative officially launches Sept. 9, the website will include sample Power Point presentations available for download enabling community managers and others to give presentations using the materials. Schifferle said the materials, which are also available in Spanish, are free and in the public domain, meaning that senior living communities are welcome to print them from the website and co-brand them with a community logo. So far, the FTC has orders for more than 300,000 copies from banks, law enforcers, Meals on Wheels, social service agencies, senior living communities and other groups.

Read more here.

If you have any financial questions or seeking advice, we recommend contacting Utah Senior Planning.