AARP Virginia Issues Scam Alert for Week of Sept. 28: Elder Financial Abuse

Posted on 09/28/20

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When it comes to scams and fraud, we are often looking out for the unknown con artists. But most financial crimes against older adults are perpetrated by someone they know. Financial exploitation is the most common form of elder abuse in the U.S., and the average victim loses $120,000. We also know this crime is severely under-reported.

Social isolation is a significant risk factor for financial abuse, and one of the best ways to combat it is maintaining regular contact with your older loved ones. Some telling signs of financial abuse include sudden changes in mood or behavior, or new financial issues like overdue bills or maxed out credit cards.

If you suspect your older loved one is suffering from financial exploitation, contact Adult Protective Services in your area for guidance and support. If you fear your loved one is in danger, call 911.

Be a fraud fighter! If you can spot a scam, you can stop a scam. 

Report scams to local law enforcement. For help from AARP, call 1-877-908-3360 or visit the AARP Fraud Watch Network at www.aarp.org/fraudwatchnetwork.

With more than 1 million members in Virginia, AARP is the largest organization working on behalf of people age 50+ and their families in the Commonwealth.

To learn more about AARP Virginia, like us on Facebook at www.facebook.com/aarpvirginia and follow @AARPVa on Twitter at www.twitter.com/aarpva.

AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With nearly 38 million members and offices in every state, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP works to strengthen communities and advocate for what matters most to families with a focus on health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org or follow @AARP and @AARPadvocates on social media.


This story is provided by AARP Virginia. Visit the AARP Virginia page for more news, events, and programs affecting retirement, health care, and more.

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You can find CDC’s latest coronavirus information at cdc.gov/coronavirus; AARP information and resources are at aarp.org/coronavirus. En español, visite aarp.org/elcoronavirus.

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