Elderly getting scammed by their own family members

[ucbruin]

""People are literally being robbed every day through scams or financial exploitation from members of their own family," said Debra Whitman, executive vice president and chief public policy officer at AARP."

https://www.freep.com/story/money/personal-finance/susan-tompor/2019/10/16/aarp-banksafe-scam-financial-exploitation-elderly/3901379002/

Should my kids attempt this...
They will be sadly surprised to learn how much money a resident appraiser single parent makes....

 

[Terrel L. Shields]

Not that AARP does not do its share of separating a senior from his cash.

My cousin died 4 years ago. Today I had more mail for him than me. 3 pieces. His CE is overdue. The KIA he sold 6 years ago desperately needs an updated warranty. And Walgreen's wants to sell him more drugs.

I don't have enough family to swindle me. I went to a family reunion today. I was the only remaining first cousin from the hosts maternal side. The rest are all dead.

 

[Renee Healion]

or neighbors who take an interest. Try asking the family member to recall if when they were the neighbors' age they attached themselves and their nuclear family to an elderly neighbor as "best friends". And then they can't really recall that far back.

I have seen a particularly egregious case (reverse mortgage foreclosure) where I read the land records. Reverse mtg cash had to have gone to adult kids, old lady had no water because she could not pay the well driller a few thousand dollars (lien). One of the adult children had a federal claim against anything he might ever inherit or otherwise gain recorded as he was a prisoner. But there was nothing left anyway. Amazing how the puzzle pieces all fit when you assemble them from land records. It got worse. Someone I know was appointed conservator. This is the sort of thing attorneys take on but they could see there was nothing there. A naive retired person, not an attorney, whom I warned to resign, hung in and labored over the estate and got named in the suit for her trouble. She had added her husband to help with the work, so he got named. To be expected, but added stress and work for people not accustomed to the process.

 

[glenn walker]

I do not have any relationship with family members anymore except my 93 year old Father, Uncle Billy and my Wife and none of them will swindle me because their having more fun slowly killing me with a thousand cuts instead of just one good one. And I will never swindle them because they would tag team me and send me to prison for elder abuse and both are good actors and would probably bring in their Cohorts from the Senior center as witnesses.

Once they got a ride home by some old lady and she walks into the house with them and I said hello and they introduced me to her. She was a real spit-fire and she says well Glenn this house appears to be well maintained and clean. Frankly I wanted to see if it was as bad as your wife and Uncle Billy says it is. The old lady looked like an-older version of Nurse Ratched from one flew over the Cuckoos Nest. Anyway she is finally leaving and just so UB can have one last shot he says to her, this place was a mess this morning he must have been given a heads up and brought in a cleaning crew. I was like can you please stop it because somebody is going to believe your BS and you will end up in the not so Sunny Hills Nursing Home and you will send those poor old folks insane.

 

[Meandering]

Funny that AARP is involved in this and wants the banks involved.
I wonder where the "scammers" get all the addresses and phone numbers for the elderly?


My Mom, a few years ago asked me to take her to her "favorite" bank. They were going to open a new account for her to keep certain funds separate. I took her there and found out she already had 5 accounts there, and those weren't including 3 accounts at two different banks. Of course this was before the "scandal" hit the news. Well, I lost my mind, right there in the lobby. Those banker "salesmen" no longer work at that branch anymore.

And being that it is soon coming up on "open enrollment" for Medicare, oh yeah, the scams have been rolling through, thicker than syrup on your pancakes.

But no one should discuss Tom Selleick selling reverse mortgages on TV all day long. Sure you can "trust" him.

Oh and my favorite, get your long term prescription refilled 6 months at a time. Drug recalls? oh no refunds for that, the insurance already paid for what you have. Drugs with carcinogenics in them? Oh, not our drugs, "just cause they have the same name as those on TV, that's not where we get our supply."

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[CANative]

"The average victim can lose $zzz"

Poor writing at best. "Can" implies a a top level not an "average."

And then in the same story it goes on to say...

"The average victim was a woman between ages 70 and 79 and she had less than $20,000 in her bank account, according to the new AARP research. "

 

[ucbruin]

Sounds like scammer spin....

 

[Terrel L. Shields]

A naive retired person, not an attorney, whom I warned to resign, hung in and labored over the estate and got named in the suit for her trouble.

Yes...as a trustee (administrator, etc. whatever your state calls you) you are liable for making GOOD decisions plus an disgruntled heir may sue anyway...and that is all on your nickel.

And many an old geezer lost a wife and marries a young woman thinking he just got a nurse and she thinking she just got a purse... We had one so laughable case near here that it was pathetic. This fat woman claimed she was Alison Krauss and sang him a song. That cost him is savings and his house...

Woman who impersonated country singer Alison Krauss gets rearrested

Peggy Sue Evers,insert, married Don Fulton from Fayetteville, Arkansas in 2013 after convincing him that she was Grammy-winning bluegrass singer Krauss, right.

www.dailymail.co.uk

 

[Restrain]

In Florida, the scamming by so-called conservators appointee by a friendly judge of seniors is rampant. Routinely have the seniors committed, their ability to maintain their own financial activities stripped by the judge. Conservator then strips the money out of the estate.

 

[Terrel L. Shields]

Routinely have the seniors committed

That's why I am leery of these so-called "red flag" laws. CA has one to go into effect allowing the state to keep firearms for 5 years and seize them upon statement by about anyone who ever knew you including a disgruntled employee... they seriously don't intend to give them back.