Elder Abuse Scams

Common Financial Elder Abuse Scams

Common Financial Elder Abuse Scams

Tips to help protect against financial abuse.

According to recently released Census Bureau projections, the number of Americans 65 and older will double over the next 30 years to 80 million. Because older Americans have worked and saved longer than their younger counterparts, they naturally hold a much larger share of the nation’s wealth.

Scammers are all too familiar with these statistics and are constantly developing new strategies to illegally take this money from the elderly. There is no limit to the imagination of a crook. Here are a few of the most common scams.

Some more simple things that you can do to help protect your loved one:

1. The Grandparent Scam

The scammer will place a call to a senior and when the mark picks up, they will say something along the lines of: “hi grandma, do you know who this is?

When the unsuspecting grandparent guesses the name of the grandchild the scammer most sounds like, the scammer has established a fake identity with little to no effort. Once “in,” the fake grandchild will usually ask for money to solve some unexpected financial problem (overdue rent, payment for car repairs, bail money for a dui, etc.), to be paid via western union or MoneyGram, which don’t always require identification to collect. At the same time, the scam artist will beg the grandparent “please don’t tell my parents, they will kill me.

Always double check with family to confirm that  an actual crisis is happening.


This scam occurs when the crook calls the target explaining they are from the IRS or U.S. Treasury to inform the victim that they are passed due on taxes and demand money from you. Another trick is to say you are due a refund, which is nothing more than bait for you to hand over banking account information.

Five indications it is a scam because the IRS does not:

  1. Call you to demand immediate payment. The IRS will not call about taxes you owe without first mailing you a bill.
  2. Demand that you pay taxes without giving you the chance to question or appeal the amount they say you owe.
  3. Require you to use a certain payment method for your taxes, such as a prepaid debit card.
  4. Ask for credit or debit card numbers over the phone.
  5. Threaten to bring in local police or other law-enforcement to have you arrested for not paying.

If any of these situations occur, hang up and call 1-800-366-4484

If you get an email or text message, do not reply or open any attachments. Contact the IRS.

Internal Revenue Service



3. Unnecessary Home Improvements

The scammer will point out hidden damages to roof tops, structures and/or pluming in order to offer repair services. Often times there may be a legitimate repair needed but the scammer will upsell the elder to products or services that are not required.

Always use a licensed contractor that was referred to you by a trusted source.  Do not hesitate to get a second opinion if the cost seems too high.

4. Internet Fraud

As web use among senior citizens increases, so does their chances to fall victim to internet fraud. Internet fraud includes non-delivery of items ordered online and credit and debit card scams.

Only make purchases from trusted sources.  Never give out personal private information such as social security number, credit card and bank account numbers, drivers license number, address and telephone numbers.

5. Medical Equipment Fraud

Equipment manufacturers offer “free” products to individuals. Insurers are then charged for products that were not needed and/or may not have been delivered.

Do not accept products that you have not been looking for and be cautious of anyone wanting to give you something for free.  If it seems to good to be true, it probably is.

6. Funeral & Cemetery Scams

Funeral directors steer customers towards expensive showroom models first. They also push expensive “protective” casket gaskets to delay penetration of water into the casket, theoretically preserving the body from biological entities.

Shop around in advance. Compare prices from at least two funeral homes. Remember that you can supply your own casket or urn.

7. Telemarketing / Door to Door Scams

Seniors, especially older woman living alone, are a special target of people who sell bogus products and services by telephone. Telemarketing scams often involve offers of free prizes, low-cost vitamins and health care products, and inexpensive vacations.

If you get a call from someone you don’t know who is trying to sell you something you hadn’t planned to buy, say “No thanks.”  And, if they pressure you about giving up personal information-like your credit card or social security number-it’s likely a scam.  Hang up and report it to the Federal Trade Commission.

Consider registering your phones with the National Do Not Call Registry

8. Bogus Charities

Money is solicited for fake charities. This often occurs after natural disasters.

Always research the organization before giving it money.  It may be a valid charity but one where only a small amount of your money actually goes to the charitable cause.  Many charities pay huge salaries to its directors and are inefficiently managed.  There are many other charities whose beneficiaries will get much more bang from your buck.

9. Lottery Scams

You will NEVER win a foreign lottery. This scam begins with a letter, telephone call or email telling you that you have won a lottery. The crook then tells you that you have to pay a small amount of money to qualify or satisfy some sort of tax before the big payout can be sent to you. The crook tells you to wire money or send a money gram or prepaid credit card. Don’t do it!!! It is a scam. In fact, it is against U.S. law to solicit the cross-border sale or purchase of lottery tickets by phone or mail. If someone contacts you about winning a foreign lottery, report it to the Federal Trade Commission.

Federal Trade Commission
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