Elderly fraud is a type of financial abuse that specifically targets older adults. It can take many forms, including phone and email scams, identity theft, and financial exploitation by family members or caregivers.

Older adults may be more susceptible to fraud for a number of reasons, including cognitive decline, social isolation, and a lack of familiarity with modern technology. They may also be more trusting or eager to help others, making them easier targets for scammers.

Some common types of elderly fraud include phone and email scams, where the perpetrator poses as a government official or financial institution and asks for personal information or money. Other types of fraud include identity theft, where a scammer uses an older adult’s personal information to open accounts or make purchases, and financial exploitation by family members or caregivers, where someone close to the older adult takes advantage of their finances for personal gain.

There are several steps you can take to protect yourself or a loved one from elderly fraud. These include: staying informed about common scams and fraud tactics, being cautious about sharing personal information, avoiding unsolicited phone calls or emails, and seeking help from trusted family members, friends, or professionals if you suspect fraud or financial abuse.

If you suspect that you or a loved one has been a victim of elderly fraud, you should report it to the authorities immediately. This may include contacting your local police department, the Federal Trade Commission, or the National Center for Elder Abuse. You should also consider consulting with an attorney or financial advisor to help you recover any lost funds and prevent future fraud.