Fraud committed against our senior citizens is on the increase. The major problem involves telemarketing schemes. Remember that the person on the other end of the line could be a criminal.

You can begin to protect yourself by following these tips:

  • The person says you have to take the offer immediately or miss the opportunity. Legitimate companies will allow you to look into the details.
  • The caller claims that you can make huge profits without any risks. All investments carry risk and legitimate companies disclose these risks.
  • The caller insists that you send your payments by a private courier or wire money. Legitimate companies don’t keep people from checking out the deal or demand payment by courier or wire.
  • The company asks for cash. Legitimate companies don’t ask for cash but con artists do because it is hard to trace.
  • The company is calling you relentlessly. Con artists will keep calling to wear you down. Legitimate companies will take no for an answer.
  • Don’t be afraid to hang up. Don’t feel it’s impolite to hang up, swindlers know how to take control of a conversation.
  • It's a Red Flag if the caller refuses to give the number or insists on an immediate decision. If you suspect that you are a victim of fraud, make sure you bring it to the attention of a friend or family member.
  • If it concerns your accounts at your financial institution, contact them. You can also contact your police department.
  • Don’t assume everyone is a friend when they call you. Take the necessary steps to make sure you don’t become a target.