Keeping In Touch Solutions
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caregiver support for aging parents

Are Scammers and Fraudsters Targeting Your Grandma?

You bet they are and here is why!

Consumers lose billions of dollars each year to fraud. People over age 50 are especially vulnerable and account for over half of all victims, according to a study conducted by AARP. But as people reach the 70 plus age the numbers sky rocket. While most of the fraud and identity theft are a result of phone conversations, another form of scam always pops up in the spring.

“Scammers” drive around a neighborhood during the day watching for elderly folks working in their yard, picking up the mail or driving their car. The ‘Scammer’ writes down the address only to return at a later date to sell Grandma a roof, driveway repair, reverse mortgage or home improvement scams.

We’ve all heard stories of the con man/woman taking Grandma to different banks to make cash withdrawals from her life long savings. This may happen day after day until a bank clerk becomes suspicious or Grandma runs out of money!

 

6 reasons scammers target your grandma

Grandma grew up trusting!Number 1

You were taken at your word. Your handshake was your word. Often Grandma never locked her doors and never her car! Grandma expected the best from people and didn’t doubt their motives or their honesty. She was the one who put food on the back porch for the homeless or people without a job…she cared and she trusted.

Number 2Grandma is present and available.

She was either retired or was a stay-at-home mom taking care of the family because Grandpa was the provider. She may be experiencing problems getting around and she is home to
take the knock at the door or the phone call. She is the perfect unsuspecting target for the Scammer or Fraudster trolling the neighborhood.

Number 3She is isolated from friends and family.

Grandma may be living alone—statistically, women live 15 years long than the men. Today, Grandma lives one place and family members are often scattered about and live miles away with little, or no, consistent interaction or input on decision making.

Number 4She has chronic health issues or illnesses.

Chronic health issues or illness may keep Grandma from keeping up her home and yard. …a red flag for “Scammers and “Fraudsters” who offer faulty home improvements at outrageous prices. This includes those who prey on Grandma when she has Dementia or Grandpa who is confined to his wheel chair.

Number 5Grandma is “wealthy!”

Grandma has assets, she saved and thrift was a way of life for her. Most own their home without a mortgage. Nearly all have saving accounts—and some cash tucked away around the house for a rainy day.

Number 6Grandma is lonely.

Because she is often isolated from her former friends and co workers as well as family~she feels alone and vulnerable. There are days when she may not speak to anyone other than her cat. Thus,when the scam artist calls and appears to be interested in ‘how grandma is doing’ she becomes even more vulnerable. The con artist is quick to build trust by asking questions and learning about Grandma and what is going on in her life and about her asserts and closeness of her family.

Take action

There are several ways you can protect your Grandma, including…

  • Have a chat with Grandma about personal safety and protecting her identity.
  • Make sure she understands the danger of giving personal and financial information to strangers over the phone or at the front door.
  • Check in with her regularly.
  • Participate in Senior Fraud Alert

Our goal at Keeping in Touch Solutions is to keep your loved one safe in the home she loves. Let’s make sure, together, that she gets to have a blast in her later years and enjoy being Grandma!

A daily check-in call could be the lifeline, the joy you give someone that makes the biggest difference in their perception of what old age is like.

Contact me at 317-480-1038 today. Let’s make a difference together.

diana beam

I’m Diana Beam, Founder of Keeping in Touch Solutions. It is my heartfelt desire for every person to live a happy and healthy life in the place they call home, no matter what their age. You can’t put a price on peace of mind for your parents and yourself. It’s priceless . . . and significant.

For that reason, the goal of every Keeping In Touch Solutions program is to provide a caring connection and service that both the elderly and their caregivers can rely on to make living that good life easier.

 

 

Let Keeping In Touch Solutions help you!

 

 What can you do to help keep Grandma safe? Share your thoughts and stories in the comments section.

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