“Age of fraud: Are seniors more vulnerable to financial scams?” – MarketPlace

aging and scams“Judy, 79, is a New Jersey woman who was defrauded out of nearly $200,000.”

by David Brancaccio

“Judy is 79 but reads as 15 years younger. She hops the high step into her mid-sized SUV, hits the button for public radio (not just for my sake) and expertly pilots through the streets of her seaside town.

“The plan is to visit one of the scenes of the crime, the gift card rack at a local Walmart.

“Department store gift cards are a favorite money transfer device of fraudsters. Over a two-week period, just after Thanksgiving 2017, Judy got caught in an elaborate scam that cost her close to $200,000. That is a fortune to most of us, and it was a fortune for Judy.

“Judy is a registered nurse, skilled in the operating room. Well into what most would consider their retirement years, she still does fill-in nursing work. She goes to exercise classes a few times a week.”

“‘I look back and I can’t imagine what I was thinking,’ Judy said.”

Click here to continue reading this MarketPlace article in its entirety.


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