Orlando Sentinel’s Central Florida 100: ELDER FRAUD

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elder fraud

The most recent report from the FTC’s Consumer Sentinel Network showed that median losses as a result of fraud increased in 2018 for victims in all age categories from age 60 and above. Most telling, however, was that while the average loss was $600 for victims aged 60 to 69 and $669 for victims aged 70 to 79, it was a whopping $1,700 for victims aged 80 and above. That data, in combination with findings that the telephone is the primary source of contact for fraudsters, suggest that seniors should exhibit vigilance when fielding calls received from those who are not friends or family.

Originally posted for the Orlando Sentinel’s Central Florida 100.

Image source: www.dailycaring.com


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