Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletter
For Email Newsletters you can trust

MONEY MATTERS > More on Money Matters > mm 12

 Eight Signs of Elder Money Scams

Avoid unpleasant surprises.

Keeping an eye out for these tell-tale signs can tip you off that something is awry.

Here is a checklist of eight red flags to look for.

Paying attention to clues that something’s wrong with an elderly friend or relative can pay off. The trick is to recognize the clues when they appear and act fast.

Which signals should you be on the alert for? While these changes don’t always mean something sinister is happening, they can be an indication.

Look for:

· An unexplained change for the worse in the person’s standard of living

· A marked difference in personality or habits that coincide with the arrival of a new friend, romantic interest, caretaker or even a relative

· Changes in long-standing financial arrangements, such as a new will or cashed CDs

· Forged documents

· Signs the person isn’t well-cared for, including changes in health, personal hygiene, eating habits or surroundings

· Unexplained charges on credit cards or withdrawals from bank accounts

· The disappearance of jewelry or other valuable items

· Substandard or unneeded services, such as unnecessary home repairs

Scams targeting seniors can range from the simply ridiculous to the sublimely complicated. Experts say the best way to keep thieves and con men out of grandma’s pocketbook is to know what’s out there.

By Carole Moore,

SOURCE: AOL Money and Finance

If you suspect elder abuse, please contact:

Protective Services Program
Executive Office of Elder Affairs
One Ashburton Place, Room 517
Boston, MA 02108
Elder Abuse Hotline V/TTY Toll Free: 1-800-922-2275 (24/7 within Mass. only)
Fax: (617) 727-9368

Protective Services Program investigates and, when appropriate, intervenes in cases where there is evidence that an elder has been neglected, abused or financially exploited by someone in a domestic setting. The protective services system is anchored by a 24 hour, seven day a week emergency hotline. It is empowered by Massachusetts General Law Chapter 19A to take steps that ensure that elder victims of physical and emotional abuse, neglect, and financial exploitation receive protective and supportive services. Elders must consent to services, but in situations where an elder lacks the capacity to provide consent, court ordered services are provided.

Check out Resource Page for more links of interest.