Up to five million older Americans are abused every year, and the annual loss by victims of financial abuse is estimated to be at least $36.5 billion.
People over 60 are often the targets of criminals because they are more financially secure, they may experience memory issues, and they tend to be more trusting.
All members should be on the lookout for any red flags that may indicate your family members are being defrauded. Educate your family on the latest scams, warn them if you see suspicious activity and when appropriate, file a Suspicious Activity Report with FinCEN and notify your local Adult Protective Services agency.