Caring for Your Parents: Elder Fraud

Seniors frequently targeted for scams

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By Lauren Maxwell
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Story Created: Nov 2, 2012 at 8:33 AM AKDT

Story Updated: Nov 2, 2012 at 8:33 AM AKDT

ANCHORAGE - Scott Sterling, director of the state office of Elder Fraud and Assistance, said Alaskan seniors are targeted for scams more frequently than seniors in other states.

The attraction? With no state income tax and a Permanent Fund dividend check every year, scammers know that Alaskan seniors are more likely to have higher incomes.

Marian McDonald knows about scammers first hand. The volunteer librarian at the Anchorage Senior Center has been hit up more than once. One time it was an unlikely email from a “friend” she’d seen in the states just days before.

“It said she was in France and she was stuck and she needed $5,000 to get home,” said McDonald. “It said her purse had been stolen and she’d lost everything, including her passport and money and all her identification.”

McDonald knew her friend was not in Europe, just like McDonald’s husband knew that he was being scammed when he got a phone call one day at home.

“This boy gets on the phone and said ‘Hi Grandpa!’ And my husband said, ‘I can’t be your Grandpa because I don’t have any children!’”

Both scammers wanted money and didn’t get it, but Sterling, with the Elder Fraud office, has seen plenty of cases where they did.

“There were upwards of $850,000 in cash losses in 20 cases involving Alaskan seniors in just one year.”

Sterling said seniors can be vulnerable to all kinds of scams, especially those that look official. One of the more common varieties involves overseas lotteries or contests where the senior is asked to send money to claim a bigger prize. Sterling said seniors who respond get hit again and again with requests for more money but are often hesitant to report it.

“There’s an element of secretiveness about this,” said Sterling. “And it comes from feeling that maybe this isn’t right but I don’t want to tell anyone because I don’t want to be embarrassed by anyone thinking that I’m so foolish to do this.”

Sterling said adult children can help their elders by keeping the lines of communication open. He recommends talking to parents about who may be contacting them and what they are doing with their money. It’s important to let them know in a non-judgmental way that you want to help protect them and their finances.

“It’s not so much that you are going to be able to stop the inflow,” said Sterling, “but you are going to be able to intercede and say, we are not going to pay attention to this, and we are certainly not going to send money or any other identifying financial information.”

Sterling said if you suspect that a senior is already involved with scammers the best thing to do is get involved.

“Talk to them and see what’s really going on, see if they’ll talk about it, because if you see something and say something, you may be able to prevent a great loss.”

Getting money back from a scammer is almost impossible but authorities say it’s still important to report cases to the police. Authorities can use the information to warn others and also check in with seniors who may be vulnerable to getting scammed again.

If you’d like more about caring for your aging parents you can text KTVAAGING to 28201.

To view previous Caring for Your Parents installments, click here.

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June said on Monday, Nov 5 at 6:41 PM

I can't think of even one time I've bought or been given a car in Alaska that wasn't a complete scam. News in Alaska is always ready to protect us from Outside, never inside. Half the agencies supposedly for us never work. Adult Protective? What a joke. They promose to get back to the person reporting within 24 hours. 4 reports and 6 months ago, none ones even been contacted. Legal Aid for the Disabled? Another joke, first they get to discriminate against callers to see what's so horrible about the person asking for help that so and so agency would even do such a (reported) thing. The list is quite endless. Ombudsman? First you have to exhaust every avenue to solve it yourself. And if you are disabled there is NO accomodation for not being able to jump through each and every one of the Systems "solutions." Go any idea how long it takes to file a grievance against Disabilty Law Center for extreme prejudice just so they can deny it and you can then move on? The whole thing is a scam!

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the banks have precauctions... said on Friday, Nov 2 at 10:47 AM

seen it so many times and the state could care less to protect them...the banks are more protective... all you have to do - workers, relatives...take the elder into the bank and express concern for fraud... they will automatically put a flag on the account and when expenditures are questionable...they put a stop pay and call the customer to verify... most of the time after being "swindled" they have buyers remorse...that is where the banks play law and stop the transactions and flag their business. see how that works...ask your banks...

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