Daniel Klibanoff's Complete Guidance for You To Avoid Senior Fraud

Scams targeting older adults are all too common in today's world. Many scammers think of seniors as prime targets because of their retirement savings or because they may live alone. There are also many outdated and downright inaccurate stereotypes about older adults that make them popular targets.

Luckily, there are plenty of ways to stay ahead of fraudsters and avoid getting scammed. Daniel Klibanoff will help you understand the most common scams that target older adults, so you know what to look out for.

Time to Put a Stop to This Fraud Process

Many schemes against seniors are performed over e-mail, the phone, and even through door-to-door advertising. They may take the form of alleged credit card offers, charity donation requests, home improvement offers, investment opportunities, banking and wire transfers, insurance offers, health products, and sweepstakes and contests, to name a few.

Often, these scams go unreported or are hard to prosecute. According to Daniel Klibanoff, they can be catastrophic to senior victims, especially those in vulnerable situations. For example, wealthy seniors are not the only ones at risk of financial abuse. Low-income elderly individuals are also very much subject to being targeted, and it's not always strangers who commit these crimes. You may be surprised to learn that more than 90 percent of all reported elder abuse is perpetrated by a senior's family members.

Fraud Tactic Used On Senior by Fraudster

Fraud isn't one step walk; tricksters use many things to trap elders, so Daniel Klibanoff has told those tactics to trap elders.
• Being friendly, approachable, and sympathetic so that the victim feels like the solicitor is on their side
• Instilling fear or giving a sense of urgency, so people don't have much time to think or act rationally
• Appearing to be helpful to gain someone's trust and make that person feel inclined to return a favor later on
• Using emotional arousal to skew proper judgment; research shows that when elderly individuals are in a state of high emotional arousal, they become more interested in buying things that are falsely advertised.
• Pretending to be associated with a credible company, government agency, or charity to fake legitimacy
• Being ambiguous about the subject or changing it throughout a conversation to distract the victim

End Note: If you are the victim!

If you think you might be a victim of a scam, reach out to someone you trust, such as a close friend or family member. Don't be afraid to talk to someone because doing nothing could worsen the situation.

According to Daniel Klibanoff, once money has been wired out, it is more than likely gone. However, you still have something to do. Other senior victims are counting on you to report the details so that the scams can be shut down. The AARP includes a handy list of useful resources to keep readily available. Keep the phone numbers for your local police station and bank close by. You can update yourself for elderly scam-related topics from Daniel Klibanoff's website. Visit it for more information.

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Pub: 10 Nov 2022 08:59 UTC

Edit: 10 Nov 2022 09:01 UTC

Views: 73