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“Losing the love was worse than losing the money,” said Kleinart, 70, who lost tens of thousands to a romance scam over several months. Last year, the Federal Trade Commission received over 64,000 romance scams reports that translated into $1.14 billion in reported losses. Romance scams often target lonely and isolated individuals, according to Will Maxson, assistant director of the Division of Marketing Practices at the FTC. Specifically for older people, romance scams are among the most common scams, said Kathy Stokes, director of fraud prevention at AARP. However, she noted people from all ages can fall for a romance scam.
Persons: Kate Kleinart, , Kleinart, Will Maxson, , , Kathy Stokes, Genevieve Waterman, Waterman, ” Waterman, scammers, it’s, Stokes, Hey, ” Stokes, Charles Schwab Organizations: Federal Trade Commission, FTC, AARP, National Council, Aging, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Spain
From having a lot of empathy to knowing how to report a scam, experts shared their recommendations for talking about scams:Political Cartoons View All 1239 ImagesKNOW WHICH SCAMS COMMONLY TARGET OLDER PEOPLEKnowing which scams are most commonly used to target older people can help. According to the FTC, common lies by scammers include “I or someone close to me is sick, hurt, or in jail” and “I can teach you how to invest.”Other common scams are investment scams, tech support scams, and impersonation scams. HAVE CONSTANT CONVERSATIONS ABOUT SCAMSOne of the best ways to raise awareness about scams is to talk to each other about them. To keep your older family members safe, Waterman recommends that families talk about scams more often in their day-to-day lives. If you’re looking for guides to avoid scams for older adults, you can find a variety of them on the National Council on Aging’s website.
Persons: Daniel Goldstein’s, hadn’t, it’s, scammers, , Genevieve Waterman, Kathy Stokes, ” Waterman, Waterman, Goldstein, they've, it's, Stokes, , ” Stokes, ’ ”, Charles Schwab Organizations: Federal Trade Commission, National Council, Aging, AARP, FTC, Watch Network, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: scammers,
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