Financial exploitation is the most common form of elder abuse and yet only a small fraction of incidents are reported.
At AgFed Credit Union we deeply care about our members and try our best to keep their financial and overall well-being a priority!
As part of our on-going commitment to protecting our valued senior members, we’ve devoted this page to sharing up-to-date information and tips to help prevent common frauds, scams, and other types of elder financial exploitation.
Government impersonation scam: Criminals pose as government employees and threaten to arrest or prosecute victims unless they agree to provide funds or other payments.
Tech support scam: Criminals pose as technology support representatives and offer to fix non-existent computer issues. The scammers gain remote access to victims’ devices and sensitive information.
Sweepstakes/charity/lottery scam: Criminals claim to work for legitimate charitable organizations to gain victims’ trust. Or they claim their targets have won a foreign lottery or sweepstake, which they can collect for a “fee.”
Romance scam: Criminals pose as interested romantic partners on social media or dating websites to capitalize on their elderly victims’ desire to find companions.
Family/caregiver scam: Relatives or acquaintances of the elderly victims take advantage of them or otherwise get their money.
Grandparent scam: Criminals pose as a relative—usually a child or grandchild—claiming to be in immediate financial need.
You can learn more about how to find help or report abuse here.
The National Association of Senior Advocates (NAOSA) was founded to protect our senior population from unethical business practices, scams and businesses who attempt to target and take advantage of not only seniors but all consumers. Please visit their website at www.naosa.org to take advantage of their resources.
The content on this page provides general consumer information. It is not legal advice or regulatory guidance. We do not endorse or guarantee the accuracy of third-party information.
Department of Justice: Elder Justice Initiative ; FBI: Elder Fraud; Federal Trade Commission: Scam Alert