Elder Fraud Prevention

Leah Cohen, with arrangeCARE, is an expert in fraud management and prevention for the elderly. When you need a professional to consult on financial fraud, act as an expert witness, and work hands on with elders who have been abused via fraud, you are looking for Leah. Whether you are a family member, friend, professional in the community, or a concerned neighbor, please reach out to us to seek assistance on the potential fraud case. We will help bring in the professionals needed to sort out the situation.

Financial exploitation of elders and disabled persons is a rapidly growing form of abuse. There are several different types of fraud and scams that affect this susceptible group of people. Often, these crimes are personal in nature and go unreported due to shame that they fell for the scam, or worry about someone in their family or close personal life committing fraud against them. The National Council on Aging states that elder financial abuse and fraud costs older Americans over $36 billion per year.

Our mission is to help bring information about these crimes into the light and to reduce the number of people affected. There are three primary areas where fraudulent exploitation occurs and we will regularly update this page with new scams as we become aware of them. The three areas are By Strangers, By Professionals, and By Family Members. Let’s work together to protect elders and those with disabilities from these scams.

Fraud by Strangers

Protecting Against the Equifax Data Breach

Equifax collects and keeps files on confidential consumer information such as addresses, employment, Social Security, driver’s license, and credit card numbers, all of which may possibly be used by criminals to open lines of credit and wreak financial havoc for years to come.

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Scam – Charities Raising Money

This scam may come through the phone, e-mail, or at the door. The “charity” representative uses an official sounding charity name. They make a plea for you to donate some money to help...

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Scam – Grandparent Scam

A con artist calls or e-mails the victim, usually a grandparent, and impersonates a relative. They explain that they’ve gotten in trouble and need money sent urgently. They may claim they need...

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Scam – Home Repair Con Men

If someone comes to your front door and says they were in the neighborhood and noticed that you have a problem at your house, say with your windows, doors, roof, driveway, etc., they may be looking to scam you.

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Fraud by Family

Imprisonment

Elder abuse, such as imprisonment in their own home, is more prevalent than abuse in living facilities. This form of fraud can consist of physical, financial, sexual, and emotional abuse, as well as...

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In-Home Care Provider Abuses

AARP states that nearly 10 million adults age 65 and older receive care at home or in a residential care setting. Home care aides work with clients to provide care services in their home and while...

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Threats of Harm

An elder may be threatened that if they don’t go along with something harm will come to them. They may be threatened that something will be done to someone else they love. For those with...

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ATM Cards & Stolen Checks

Family members who steal from elderly family members are cunning, deceptive, and patient. They will often take their time building up to the theft and trying to cover their tracks. A vulnerable...

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Power of Attorney Scam

A Power of Attorney is a legal document, which can be very dangerous in the wrong hands. When being used fraudulently, it is most often used to steal money and investments, from the victim.

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Fraud by Professionals

Medicare Scams

One of the most common scams surrounding Medicare is an identity theft scam. A phone call to an elderly person will tell them that new cards are being sent out for Medicare and they just need the...

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Identity Theft

Identity theft scams are a dime a dozen. The scariest part of identity theft is that it can take some time after the crime has begun to find out that you are a victim. Older persons are ideal...

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Internet Phishing

Internet phishing (pronounced fishing) is when someone sends an e-mail to a victim acting as if they are the victim's bank, credit card company, Paypal, or other financial institution. The e-mail will tell the recipient that their account has been compromised in some way and the victim needs to click on a link to verify they own the account, or they need to click a link and validate their username and password or they may even request the victim's personal information such as date of birth and social security number.

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Investment & Securities Scams

Securities fraud covers a lot of topics. They include Ponzi and Pyramid Schemes as well as Late Day Trading, Advanced Fee Schemes and many other ways to take money from victims. This is very familiar due to the name Bernie Madoff. Bernie worked with high profile clients but con artists committing securities fraud can come from anyone. The red flag should fly when an investment person promises a high rate of return coupled with little to no risk.

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arrangeCARE specializes in helping prevent elder fraud as well as consulting when an elder has been defrauded. Families who are concerned about their older loved ones falling victim to these scams and abuses should sign up to receive notification when we add a new post regarding a scam or attempt to defraud the elderly.

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