SCAMS AND FRAUD SCHEMES OPERATING IN OUR COMMUNITIES
[CREATING POVERTY FOR OLDER ADULTS SERIES]
When older individuals are scammed out of their savings, retirement and other funds, the logical result is a decrease in money needed to live.
This would be the case for anyone, but for a person who is not able to work anymore, there is no way to make up for what has been lost. The result is a lower standard of living for some and for others, poverty.
Once the money is gone, in many cases, it is very difficult to get it back. As the old saying goes-‘an ounce of prevention is worth a pound of cure’.
CURRENT SCAM-FALSE FAXES AND EERIE EMAILS
The problem: You got a fax or an email from someone who needs your help.
How did it happen? Scammers and fraudsters have gotten your fax or email address without your permission!
What is the ‘pitch’? In return for a fantastic sum of money, you help out by becoming the ‘middleman’ in an oil deal between foreign companies, or you are identified as a potential heir of someone who has your same last name and died years ago in a foreign county.
What’s the catch? These scammers and fraudsters want to you to respond. If you do, they will always ask you to pay a small amount of money for something related to the ‘deal’ or inheritance. And then, they ask for more and more money. Many people feel they have invested so much money and time, they have to keep paying to recoup their investment.
Here’s what you can do to protect yourself: Never respond to these emails or faxes.
If you have questions about an unsolicited fax or email, contact Elder Law & Advocacy. Our staff attorneys will review documents with you at no charge. We are a free legal services organization with a mission to help seniors who are age 60 and over who reside in San Diego or Imperial Counties. Call (858) 565 1392 San Diego County or (760) 353 0223 Imperial County for no-cost help