A recent article in Forbes Magazine by John Wasik observes that the Internet has made elder fraud much easier for the perpetrators. However, John also observes that often the perpetrator of elder fraud is the elder’s own children. John goes on to list several red flags to be alert to in any transaction an elderly person might enter in to or offers they might receive.
While these are good warning signs when helping an elderly person, they are also good for all of us to know and be alert to. If you think you might be the subject of consumer/elder fraud, you can contact the National Consumers League’s National Fraud Information Center at (800) 876-7060, or the Federal Trade Commission at their toll-free helpline: 1-877-FTC-HELP. You can also find a variety of contacts and information at the FTC’s website. In Texas you can find consumer and elder fraud information concerning a wide variety of scams at the website for the Texas Attorney General.